41.2. Debt securities in issue
PKO Annual
Report Online
2020
Report Online
2020
| LIABILITIES IN RESPECT OF DEBT SECURITIES IN ISSUE – REPAYMENT | 31.12.2020 | 31.12.2019 |
| Measured at amortized cost: | ||
| up to 1 month | 819 | 796 |
| 1 to 3 months | 1 917 | 802 |
| 3 months to 1 year | 10 431 | 2 366 |
| from 1 to 5 years | 18 870 | 24 410 |
| over 5 years | 61 | 2 774 |
| Total | 32 098 | 31 148 |
Bonds issued by PKO Bank Polski S.A.
In 2020, the Capital Group made an early partial redemption of the issued bonds (maturity on 25 July 2021) for the amount of EUR 250 million. The outstanding nominal value of this issue as at 31 December 2020 is EUR 500 million.
| Issue date | Type of interest rate |
Interest rate | Nominal amount |
Currency | Maturity | Carrying amount at 31.12.2020 | Carrying amount at 31.12.2019 |
| 25.07.2017 | fixed | 0.75 | 500 | EUR | 25.07.2021 | 2 314 | 3 200 |
| 02.11.2017 | fixed | 0.30 | 400 | CHF | 02.11.2021 | 1 706 | 1 569 |
| Total | 4 020 | 4 769 |
Bonds issued by PKO Bank Hipoteczny S.A.
| Issue date | Type of interest rate | Interest (index + margin) | Nominal value | Currency | Maturity | Carrying amount at 31.12.2020 | Carrying amount at 31.12.2019 |
| 21.12.2018 | zero-coupon | – | 350 | PLN | 21.02.2020 | – | 351 |
| 05.02.2019 | zero-coupon | – | 102 | PLN | 05.02.2020 | – | 102 |
| 10.07.2019 | variable | 6MWIBOR + 0.30 | 162 | PLN | 10.01.2020 | – | 163 |
| 11.07.2019 | variable | 3MWIBOR + 0.60 | 43 | PLN | 12.07.2021 | 43 | 46 |
| 23.07.2019 | zero-coupon | – | 634 | PLN | 23.01.2020 | – | 633 |
| 23.08.2019 | zero-coupon | – | 200 | PLN | 21.02.2020 | – | 200 |
| 28.08.2019 | variable | 3MWIBOR + 0.60 | 43 | PLN | 30.08.2021 | 43 | 44 |
| 02.10.2019 | zero-coupon | – | 900 | PLN | 01.04.2020 | – | 895 |
| 17.10.2019 | variable | 3MWIBOR + 0.60 | 40 | PLN | 18.10.2021 | 40 | 40 |
| 06.11.2019 | zero-coupon | – | 727 | PLN | 08.05.2020 | – | 722 |
| 06.12.2019 | zero-coupon | – | 738 | PLN | 08.06.2020 | – | 731 |
| 18.12.2019 | variable | 3MWIBOR + 0.28 | 28 | PLN | 20.12.2021 | 28 | 20 |
| 05.02.2020 | zero-coupon | – | 25 | PLN | 03.02.2021 | 24 | – |
| 24.02.2020 | variable | – | 350 | PLN | 24.02.2021 | 350 | – |
| 23.07.2020 | zero-coupon | – | 820 | PLN | 20.01.2021 | 819 | – |
| 24.08.2020 | zero-coupon | – | 555 | PLN | 08.03.2021 | 554 | – |
| 11.09.2020 | zero-coupon | – | 350 | PLN | 29.03.2021 | 350 | – |
| 08.10.2020 | zero-coupon | – | 330 | PLN | 22.06.2021 | 329 | – |
| 28.10.2020 | zero-coupon | – | 296 | PLN | 20.04.2021 | 296 | – |
| 27.11.2020 | fixed | 0,60 | 50 | PLN | 02.06.2021 | 50 | – |
| 07.12.2020 | zero-coupon | – | 887 | PLN | 21.05.2021 | 886 | – |
| 17.12.2020 | variable | WIBOR3M +0,28 | 224 | PLN | 17.03.2022 | 224 | – |
| Total | 4 036 | 3 947 |
Bonds issued by PKO Finance AB
In 2020, the Capital Group carried out a transaction of early partial redemption, from third parties, of bonds issued by PKO Finance AB (maturity date on 26 September 2022) for the amount of USD 195 million. The redeemed bonds remain in the possession of PKO Bank Polski S.A., with the Capital Group reserved the right to resell them or submit them for redemption in the future. The bonds are still listed on the regulated market operated by the Luxembourg Stock Exchange. The outstanding face value of this issue as at 31 December 2020 is $ 805 million.
| Issue date | Type of interest rate | Interest rate | Nominal amount | Currency | Maturity | Carrying amount at 31.12.2020 | Carrying amount at 31.12.2019 |
| 25.07.2012 | fixed | 4.00 | 50 | EUR | 25.07.2022 | 234 | 215 |
| 26.09.2012 | fixed | 4.63 | 805 | USD | 26.09.2022 | 3 060 | 3 842 |
| Total | 3 294 | 4 057 |
Bonds issued by Capital Group PKO Leasing SA
| Issue date | Type of interest rate | Interest (index + margin) |
Nominal value | Currency | Maturity | Carrying amount at 31.12.2020 |
Carrying amount at 31.12.2019 |
| 01.12.20141 | variable | WIBOR 3M + margin | 146 | PLN | 02.10.2025 | – | 147 |
| 30.08.2019 | variable | WIBOR 6M + margin | 150 | PLN | 28.02.2020 | – | 149 |
| 26.09.20191 | variable | WIBOR 3M + margin | 2 475 | PLN | 28.12.2029 | 2 475 | 1 836 |
| 28.08.2020 | variable | WIBOR 6M + margin | 324 | PLN | 26.02.2021 | 323 | – |
| 02.12.2020 | variable | WIBOR 6M + margin | 395 | PLN | 01.06.2021 | 394 | – |
| 23.12.2020 | variable | WIBOR 3M + margin | 305 | PLN | 23.03.2021 | 304 | – |
| Total | 3 496 | 2 132 |
1) Bonds issued as part of securitization of leasing receivables, taken over by the PKO Leasing S.A. Capital Group as part of the acquisition of Raiffeisen-Leasing Polska S.A. and issued as part of the securitization of lease receivables carried out in September 2019. The bonds are secured with lease receivables subject to securitization (see the note "Information on securitization of the leasing portfolio and bundling of receivables").
Bonds issued by KREDOBANK S.A.
| Issue date | Type of interest rate | Interest (index + margin) |
Nominal value | Currency | Maturity | Carrying amount at 31.12.2020 |
Carrying amount at 31.12.2019 |
| 01.12.2017 | fixed | 15,12 | 132 | UAH | 26.11.2022 | 18 | 3 |
| 13.07.2018 | variable | UIRD1 6M + 2,25 | 250 | UAH | 28.12.2022 | 33 | 42 |
| Total | 51 | 45 |
1) Ukrainian Index of Retail Deposit Rates
Mortgage-covered bonds issued by PKO Bank Hipoteczny S.A.
| Issue date | Type of interest rate | Interest (index + margin) | Nominal value | Currency | Maturity | Carrying amount at 31.12.2020 |
Carrying amount at 31.12.2019 |
| 11.12.2015 | variable | 3MWIBOR + 0.75 | 18 | PLN | 11.12.2020 | – | 18 |
| 27.04.2016 | variable | 3MWIBOR + 0.65 | 500 | PLN | 28.04.2021 | 501 | 487 |
| 17.06.2016 | variable | 3MWIBOR + 0.59 | 500 | PLN | 18.06.2021 | 500 | 500 |
| 24.10.2016 | fixed | 0.125 | 500 | EUR | 24.06.2022 | 2 306 | 2 126 |
| 02.02.2017 | fixed | 0.820 | 25 | EUR | 02.02.2024 | 116 | 107 |
| 30.03.2017 | fixed | 0.625 | 500 | EUR | 24.01.2023 | 2 319 | 2 139 |
| 28.04.2017 | variable | 3MWIBOR + 0.69 | 500 | PLN | 18.05.2022 | 500 | 500 |
| 22.06.2017 | fixed | 2.69 | 265 | PLN | 10.09.2021 | 267 | 266 |
| 27.09.2017 | fixed | 0.75 | 500 | EUR | 27.08.2024 | 2 309 | 2 130 |
| 27.10.2017 | variable | 3MWIBOR + 0.60 | 500 | PLN | 27.06.2023 | 500 | 499 |
| 02.11.2017 | fixed | 0.47 | 54 | EUR | 03.11.2022 | 249 | 230 |
| 22.03.2018 | fixed | 0.75 | 500 | EUR | 24.01.2024 | 2320 | 2139 |
| 27.04.2018 | variable | 3MWIBOR + 0.49 | 698 | PLN | 25.04.2024 | 698 | 698 |
| 18.05.2018 | variable | 3MWIBOR + 0.32 | 100 | PLN | 29.04.2022 | 100 | 100 |
| 27.07.2018 | variable | 3MWIBOR + 0.62 | 500 | PLN | 25.07.2025 | 500 | 499 |
| 24.08.2018 | fixed | 3.4875 | 60 | PLN | 24.08.2028 | 61 | 61 |
| 26.10.2018 | variable | 3MWIBOR + 0.66 | 230 | PLN | 28.04.2025 | 230 | 231 |
| 28.01.2019 | fixed | 0.25 | 500 | EUR | 23.11.2021 | 2306 | 2126 |
| 01.03.2019 | fixed | 0.25 | 100 | EUR | 23.11.2021 | 461 | 426 |
| 08.03.2019 | fixed | 0.125 | 100 | EUR | 24.06.2022 | 461 | 424 |
| 10.06.2019 | variable | 3MWIBOR + 0.60 | 245 | PLN | 30.09.2024 | 247 | 244 |
| 02.12.2019 | variable | 3MWIBOR + 0.51 | 250 | PLN | 02.12.2024 | 250 | 248 |
| Total | 17 201 | 16 198 |