Alior Bank is launching a Eurobond program worth up to EUR 3 billion

The supervisory board of Alior Bank approved the establishment of a Eurobond issue program (EMTN Program) worth up to EUR 3 billion or its equivalent in the issue currencies, Alior said in a press release.

“The EMTN Program will be established on the following conditions: 1. the total nominal value of issued and unredeemed Eurobonds issued under the EMTN Program (Eurobonds) will not exceed EUR 3,000,000,000 or its equivalent in the currencies of issue (…)” – it was written in the announcement.

It was added that Eurobonds may be issued in series, in any number of tranches with different interest structures and maturities, and denominated in euro, zloty or other issue currencies. Eurobonds will not be secured.

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“Eurobonds, the liabilities of which may be included in the bank's own funds as Tier 2 capital items within the meaning of Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and amending Regulation (EU) No. 648/2012” – it was also written in the announcement.

The bank also announced that it may apply for admission of individual series of Eurobonds to trading on the regulated market operated by the Luxembourg Stock Exchange, the Warsaw Stock Exchange or another market selected by the bank. It also plans to apply to the Commission de Surveillance du Secteur Financier in Luxembourg for approval of the base prospectus of the EMTN Program.

Alior Bank may apply for ratings for the EMTN Program or Eurobonds. (PAP Business)

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