33. Debt securities in issue
Annual Report
2019
2019
| DEBT SECURITIES IN ISSUE | 31.12.2019 | 31.12.2018 |
|---|---|---|
| Measured at amortized cost | 31 148 | 28 627 |
| covered bonds issued by PKO Bank Hipoteczny SA | 16 198 | 12 800 |
| bonds issued by PKO Bank Hipoteczny SA | 3 947 | 3 186 |
| bonds issued by PKO Bank Polski SA | 4 769 | 5 367 |
| bonds issued by PKO Finance AB | 4 057 | 6 238 |
| bonds issued by the PKO Leasing SA Group* | 2 132 | 995 |
| bonds issued by Kredobank SA | 45 | 41 |
| Total | 31 148 | 28 627 |
*including the bonds taken up by the PKO Leasing SA Group as part of the acquisition of Raiffeisen Leasing Polska SA.
| DEBT SECURITIES IN ISSUE | 31.12.2019 | 31.12.2018 |
|---|---|---|
| bonds, of which: | 14 950 | 15 827 |
| in PLN | 6 079 | 4 792 |
| in EUR, translated into PLN | 3 415 | 5 655 |
| in USD, translated into PLN | 3 842 | 3 812 |
| in CHF, translated into PLN | 1 569 | 1 527 |
| in UAH, translated into PLN | 45 | 41 |
| mortgage covered bonds, of which: | 16 198 | 12 800 |
| in PLN | 4 351 | 3 852 |
| in EUR, translated into PLN | 11 847 | 8 948 |
| Total | 31 148 | 28 627 |
| LIABILITIES IN RESPECT OF DEBT SECURITIES IN ISSUE – BY MATURITY | 31.12.2019 | 31.12.2018 |
|---|---|---|
| Measured at amortized cost: | 31 148 | 28 627 |
| up to 1 month | 796 | 2 767 |
| 1 to 3 months | 802 | 625 |
| 3 months to 1 year | 2 366 | 3 080 |
| 1 to 5 years | 24 410 | 16 261 |
| over 5 years | 2 774 | 5 894 |
| Total | 31 148 | 28 627 |
| ADDITIONAL INFORMATION | 31.12.2019 | 31.12.2018 |
|---|---|---|
| issuance of debt securities during the period (nominal value) | ||
| in PLN | 11 311 | 13 277 |
| in original currency (EUR) | 700 | 500 |
| in original currency (UAH) | 17 | 290 |
| redemption of debt securities during the period (nominal value) | ||
| in PLN | 9 552 | 10 130 |
| in original currency (EUR) | 500 | – |
| in original currency (UAH) | 43 | – |
Bonds issued by PKO Bank Polski SA
| Issuance date | Type of interest rate | Interest rate |
Nominal amount |
Currency | Maturity | Carrying amount at 31.12.2019 |
Carrying amount at 31.12.2018 |
|---|---|---|---|---|---|---|---|
| 25.07.2017 | fixed | 0.75 | 750 | EUR | 25.07.2021 | 3 200 | 3 229 |
| 02.11.2017 | fixed | 0.30 | 400 | CHF | 02.11.2021 | 1 569 | 1 527 |
| 16.11.2018 | zero coupon | – | 615 | PLN | 16.05.2019 | – | 611 |
| 16.05.2019 | zero coupon | 600 | PLN | 15.11.2019 | – | – | |
| Total | 4 769 | 5 367 |
Bonds issued by PKO Bank Hipoteczny SA
| Issuance date | Type of interest rate | Interest rate (index + margin) |
Nominal amount | Currency | Maturity | Carrying amount at 31.12.2019 |
Carrying amount at 31.12.2018 |
|---|---|---|---|---|---|---|---|
| 09.02.2018 | zero coupon | – | 4 | PLN | 08.02.2019 | – | 4 |
| 23.07.2018 | zero coupon | – | 262 | PLN | 23.01.2019 | – | 262 |
| 08.08.2018 | zero coupon | – | 14 | PLN | 08.08.2019 | – | 14 |
| 21.09.2018 | zero coupon | – | 723 | PLN | 05.04.2019 | – | 719 |
| 21.09.2018 | zero coupon | – | 19 | PLN | 23.01.2019 | – | 19 |
| 01.10.2018 | zero coupon | – | 55 | PLN | 05.04.2019 | – | 55 |
| 05.10.2018 | zero coupon | – | 10 | PLN | 05.04.2019 | – | 10 |
| 16.10.2018 | zero coupon | – | 40 | PLN | 09.05.2019 | – | 40 |
| 22.10.2018 | zero coupon | – | 605 | PLN | 09.05.2019 | – | 600 |
| 22.10.2018 | zero coupon | – | 23 | PLN | 05.02.2019 | – | 23 |
| 26.10.2018 | zero coupon | – | 4 | PLN | 25.10.2019 | – | 4 |
| 26.10.2018 | zero coupon | – | 50 | PLN | 24.01.2019 | – | 50 |
| 13.11.2018 | zero coupon | – | 120 | PLN | 05.02.2019 | – | 119 |
| 15.11.2018 | zero coupon | – | 68 | PLN | 13.02.2019 | – | 68 |
| 21.11.2018 | zero coupon | – | 145 | PLN | 22.02.2019 | – | 145 |
| 21.11.2018 | zero coupon | – | 233 | PLN | 10.06.2019 | – | 231 |
| 17.12.2018 | zero coupon | – | 150 | PLN | 10.06.2019 | – | 149 |
| 29.12.2018 | zero coupon | – | 58 | PLN | 19.03.2019 | – | 58 |
| 21.12.2018 | zero coupon | – | 204 | PLN | 10.06.2019 | – | 167 |
| 28.12.2018 | zero coupon | – | 100 | PLN | 26.06.2019 | – | 99 |
| 21.12.2018 | zero coupon | – | 350 | PLN | 21.02.2020 | 351 | 350 |
| 05.02.2019 | zero coupon | – | 102 | PLN | 05.02.2020 | 102 | – |
| 10.07.2019 | variable | WIBOR6M + 0,30 | 162 | PLN | 10.01.2020 | 163 | – |
| 11.07.2019 | variable | WIBOR3M + 0,60 | 46 | PLN | 12.07.2021 | 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 | WIBOR3M + 0,60 | 44 | PLN | 30.08.2021 | 44 | – |
| 02.10.2019 | zero coupon | – | 900 | PLN | 01.04.2020 | 895 | – |
| 17.10.2019 | variable | WIBOR3M + 0,60 | 40 | PLN | 18.10.2021 | 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 | WIBOR3M + 0,60 | 20 | PLN | 20.12.2021 | 20 | – |
| Total | 3 947 | 3 186 |
Bonds issued by PKO Finance AB
| Issuance date | Type of interest rate | Interest rate | Nominal amount |
Currency | Maturity | Carrying amount at 31.12.2019 |
Carrying amount at 31.12.2018 |
| 25.07.2012 | fixed | 4.00 | 50 | EUR | 25.07.2022 | 215 | 218 |
| 26.09.2012 | fixed | 4.63 | 1 000 | USD | 26.09.2022 | 3 842 | 3 812 |
| 23.01.2014 | fixed | 2.32 | 500 | EUR | 23.01.2019 | – | 2 208 |
| Total | 4 057 | 6 238 |
Bonds issued by the PKO Leasing SA Group
| Issuance date | Type of interest rate | Nominal amount | Currency | Maturity | Carrying amount at 31.12.2019 |
Carrying amount at 31.12.2019 |
|---|---|---|---|---|---|---|
| 01.12.2014* | variable | 146 | PLN | 02.10.2025 | 147 | 640 |
| 01.06.2016 | variable | 73 | PLN | 01.06.2019 | – | 73 |
| 09.08.2018 | variable | 30 | PLN | 14.02.2019 | – | 30 |
| 05.09.2018 | variable | 53 | PLN | 05.03.2019 | – | 53 |
| 13.09.2018 | variable | 34 | PLN | 08.01.2019 | – | 34 |
| 10.10.2018 | variable | 39 | PLN | 08.01.2019 | – | 38 |
| 19.10.2018 | variable | 37 | PLN | 18.01.2019 | – | 37 |
| 30.10.2018 | variable | 30 | PLN | 08.01.2019 | – | 30 |
| 07.12.2018 | variable | 60 | PLN | 06.03.2019 | – | 60 |
| 30.08.2019 | variable | 150 | PLN | 28.02.2020 | 149 | – |
| 26.09.2019* | variable | 1,835 | PLN | 28.12.2029 | 1 836 | – |
| Razem | 2 132 | 995 |
*The bonds taken up by the PKO Leasing SA Group as part of the acquisition of Raiffeisen Leasing Polska SA and securitization of lease receivables conducted in September 2019, respectively. Bonds are secured with securitized lease receivables (see note “Information on securitization of the lease portfolio and portfolio sale of receivables”).
Bonds issued by Kredobank SA
| Issuance date | Type of interest rate | Nominal amount | Currency | Maturity | Carrying amount at 31.12.2019 |
Carrying amount at 31.12.2018 |
|---|---|---|---|---|---|---|
| 01.12.2017 | fixed | 18 | UAH | 26.11.2022 | 3 | 6 |
| 13.07.2018 | variable | 250 | UAH | 28.12.2022 | 42 | 35 |
| Total | 45 | 41 |
Mortgage covered bonds issued by PKO Bank Hipoteczny SA
| Issuance date | Type of interest rate | Interest rate (index + margin) |
Nominal amount | Currency | Maturity | Carrying amount at 31.12.2019 |
Carrying amount at 31.12.2018 |
|---|---|---|---|---|---|---|---|
| 11.12.2015 | variable | WIBOR3M + 0,75 | 18 | PLN | 11.12.2020 | 18 | 19 |
| 27.04.2016 | variable | WIBOR3M + 0,65 | 484 | PLN | 28.04.2021 | 487 | 486 |
| 17.06.2016 | variable | WIBOR3M + 0,59 | 500 | PLN | 18.06.2021 | 500 | 500 |
| 24.10.2016 | fixed | 0,125 | 500 | EUR | 24.06.2022 | 2 126 | 2 144 |
| 02.02.2017 | fixed | 0,820 | 25 | EUR | 02.02.2024 | 107 | 108 |
| 30.03.2017 | fixed | 0,625 | 500 | EUR | 24.01.2023 | 2 139 | 2 159 |
| 28.04.2017 | variable | WIBOR3M + 0,69 | 500 | PLN | 18.05.2022 | 500 | 501 |
| 22.06.2017 | fixed | 2,690 | 264 | PLN | 10.09.2021 | 266 | 266 |
| 27.09.2017 | fixed | 0,750 | 500 | EUR | 27.08.2024 | 2 130 | 2 149 |
| 27.10.2017 | variable | WIBOR3M + 0,60 | 500 | PLN | 27.06.2023 | 499 | 500 |
| 02.11.2017 | fixed | 0,467 | 54 | EUR | 03.11.2022 | 230 | 232 |
| 22.03.2018 | fixed | 0,750 | 500 | EUR | 24.01.2024 | 2 139 | 2 156 |
| 27.04.2018 | variable | WIBOR3M + 0,49 | 695 | PLN | 25.04.2024 | 698 | 693 |
| 18.05.2018 | variable | WIBOR3M + 0,32 | 100 | PLN | 29.04.2022 | 100 | 100 |
| 27.07.2018 | variable | WIBOR3M + 0,62 | 497 | PLN | 25.07.2025 | 499 | 498 |
| 24.08.2018 | fixed | 3,490 | 60 | PLN | 24.08.2028 | 61 | 61 |
| 26.10.2018 | variable | WIBOR3M + 0,66 | 230 | PLN | 28.04.2025 | 231 | 228 |
| 28.01.2019 | fixed | 0,250 | 500 | EUR | 23.11.2021 | 2 126 | – |
| 01.03.2019 | fixed | 0,250 | 100 | EUR | 23.11.2021 | 426 | – |
| 08.03.2019 | fixed | 0,125 | 100 | EUR | 24.06.2022 | 424 | – |
| 10.06.2019 | variable | WIBOR3M + 0,60 | 244 | PLN | 30.09.2024 | 244 | – |
| 02.12.2019 | variable | WIBOR3M + 0,51 | 247 | PLN | 02.12.2024 | 248 | – |
| Total | 16 198 | 12 800 |