We are backing the international expansion plans of a leading Polish insurance company, PZU, by buying €40 million of senior unsecured Eurobonds in the insurer’s €500 million debut bond issue.
PZU plans to establish itself as a regional player in the fragmented insurance market in central and eastern Europe and will use the bond issue proceeds to acquire significant stakes in insurance companies or other financial institutions in the region.
This expansion will increase competition in the regional insurance market, which ultimately will benefit customers. The bond acquisition is an example of our efforts to strengthen financial institutions and contribute to the development of local capital markets in the countries where it invests.
The acquisition will help strengthen financial institutions
€500 million debut bond issue