PZU planned PLN 3 billion bonds and PZU stock stands at EUR 16.75

Published on 10/13/2026 at 10:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half insurance revenue reached PLN 15.65 billion, up 2.80 percent year over year. PZU stock stands at EUR 16.75 on October 13, 2026.

PZU announced a planned PLN 3.00 billion subordinated bond issue on September 30, 2026.
The financing would refinance subordinated bonds with a PLN 2.25 billion nominal value maturing on July 29, 2027.
First-half 2026 insurance revenue reached PLN 15.65 billion, up 2.80 percent year over year.
PZU stock stood at EUR 16.75 at Lang & Schwarz on October 13, 2026 at 10:34 a.m. CEST.

PZU, PLPZU0000011, Illustration mit AI erstellt.

PZU (ISIN PLPZU0000011) had announced a planned subordinated bond issue of up to PLN 3.00 billion on September 30, 2026, while PZU stock stood at EUR 16.75 at Lang & Schwarz on October 13, 2026 at 10:34 a.m. CEST. According to PZU on September 30, the operation is intended to refinance existing subordinated bonds and support the group's capital structure.

Three dates shape the story

On June 18, 2026, PZU shareholders approved a PLN 4.80 dividend per share, according to Moat Explorer. On August 20, 2026, the first-half report showed insurance revenue of PLN 15.65 billion, up 2.80 percent from the comparable period, while net profit attributable to shareholders fell 6.80 percent to PLN 3.01 billion.

The September 30 bond plan is the latest dated corporate event in the sequence. The proposed issue would have a maturity of at least 10 years and variable interest, with early redemption permitted no earlier than five years after issuance, according to PZU.

What does the bond plan change?

PZU's existing Series A subordinated bonds have a nominal value of PLN 2.25 billion and mature on July 29, 2027. The planned issue could therefore provide up to PLN 3.00 billion of replacement financing, although final terms depend on market conditions and shareholder approval.

The capital angle is measurable. PZU said subordinated debt represented 7.00 percent of total funding at the end of the second quarter of 2026, while the first-half insurance business produced PLN 2.29 billion of insurance service result. That combination places the bond plan alongside operating performance rather than treating it as a change to the group's debt policy.

Upcoming decisions carry figures

Shareholders are scheduled to vote on the proposed bond issue on November 3, 2026, with the authorization covering up to PLN 3.00 billion, according to Bankier.pl. PZU's investor-relations calendar lists publication of the third-quarter 2026 financial report for November 19, 2026.

Stock price and capital context

The Lang & Schwarz quote places the stock at EUR 16.75 in trading on October 13, 2026 at 10:34 a.m. CEST. The primary listing is on the Warsaw Stock Exchange, where the finance quote showed PLN 73.22 at 8:18 a.m. UTC on October 13, 2026, with a market capitalization of PLN 63.2 billion and a 52-week range of PLN 53.92 to PLN 77.20.

The further course of trading is shown by the continuously updated real-time quote of PZU stock.