Santander Bank Polska stock: Erste approves PLN 2 billion bond issue

Published on 11/09/2026 at 11:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The bank set a November 24 settlement and a 2029 maturity for the notes. Santander Bank Polska stock remains linked to the lender now operating under the Erste Bank Polska name.

Bond issue adds funding focus

Erste Bank Polska approved a senior preferred bond issue with settlement scheduled for November 24, 2026.
The notes are scheduled to mature on November 26, 2029, and carry interest at six-month WIBOR plus a 1.20 percent margin.
The bank plans to seek admission of the bonds to trading on the Warsaw Stock Exchange's alternative trading system.

Santander Bank Polska, PLBZ00000044, Illustration mit AI erstellt.

Erste Bank Polska approved a senior preferred bond issue on Thursday, November 5, adding a new financing event to the investor case around Santander Bank Polska. The bank was previously known as Santander Bank Polska, according to its official investor-relations report.

Under Erste Bank Polska's Current Report no. 39, the series 1/2026 senior preferred bonds may have a total nominal value of up to PLN 2 billion. The issue price will equal the nominal value, and each bond will have a nominal value of PLN 500,000.

Terms set for new debt

Settlement is scheduled for Tuesday, November 24, 2026. The bonds are due to be redeemed on November 26, 2029, subject to an early-redemption right. They will pay floating interest at six-month WIBOR plus a margin of 1.20 percent a year.

The bonds will be unsecured and issued in dematerialized bearer form. The bank said the liabilities may qualify as eligible liabilities under Poland's resolution and deposit-guarantee framework. That classification can support regulatory funding requirements, although the final investor impact will depend on the issue's execution and the bank's broader capital and liquidity position.

Erste Bank Polska also plans to apply for admission of the bonds to trading in the alternative trading system operated by the Warsaw Stock Exchange. The report does not state that the issue has already been placed or that trading admission has been granted.

Funding joins ownership backdrop

The financing decision comes while Erste is building control of the Polish lender. The latest tender offer and the bank's earnings outlook remain relevant for shareholders because ownership changes can affect capital allocation, integration priorities and the future free float. The new bond issue adds a funding and balance-sheet consideration rather than changing the terms of the equity tender offer.

Santander Bank Polska stock traded at 180.38 euros on Lang & Schwarz at 11:15 CET on Monday, November 9, 2026. Investors should distinguish the euro quote from the Polish zloty terms of the bond issue.