PZU plans PLN 3 billion bonds, PZU stock costs EUR 16.44

Published on 10/12/2026 at 11:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PZU's proposed bonds total PLN 3 billion. First-half 2026 revenue was PLN 15.65 billion, while PZU stock costs EUR 16.44 on October 12, 2026.

Key points in brief

PZU proposed up to PLN 3.0 billion of subordinated capital bonds on September 30, 2026.
First-half 2026 revenue reached PLN 15.7 billion and net income was PLN 3.0 billion.
PZU stock was trading at EUR 16.44 at Lang & Schwarz on October 12, 2026.
The planned bonds would refinance existing PLN 2.3 billion notes maturing July 29, 2027.

PZU, PLPZU0000011, Illustration mit AI erstellt.

PZU stock (ISIN PLPZU0000011) was trading at EUR 16.44 at Lang & Schwarz on October 12, 2026 at 10:53 a.m. CEST. On September 30, 2026, PZU had proposed subordinated capital bonds worth up to PLN 3 billion, according to PZU. The plan is linked to refinancing existing notes rather than a change in the group's debt policy.

Three dated milestones

On August 20, 2026, PZU published its first-half report, with revenue of PLN 15.65 billion and net income of PLN 3.01 billion, as shown by stockd. On September 30, 2026, the company proposed bonds of up to PLN 3 billion against existing series A notes worth PLN 2.25 billion. On October 12, 2026, the Lang & Schwarz quote stood at EUR 16.44.

What refinancing means for capital

The planned bonds would have a maturity of at least 10 years, variable interest and no security. PZU said on September 30, 2026 that the existing series A notes mature on July 29, 2027, while subordinated debt represented 7 percent of total funding at the end of the second quarter of 2026.

The capital picture is supported by a Solvency II ratio of 230 percent at the end of the first half of 2026. For comparison, first-half net income of PLN 3.01 billion exceeded the PLN 2.25 billion nominal value of the existing notes by PLN 0.76 billion. The proposed refinancing therefore addresses a defined maturity rather than adding a new operating segment.

Next shareholder and results dates

PZU shareholders are scheduled to decide on approval for the bond issue on November 3, 2026, according to Bankier.pl. PZU's third-quarter 2026 financial report is scheduled for November 19, 2026, according to the company's investor-relations calendar.

EUR 16.44 in trading

The Lang & Schwarz price was EUR 16.44 on October 12, 2026 at 10:53 a.m. CEST. The Warsaw listing was last at PLN 72.36 on October 12, 2026 at 10:45 a.m. CEST, with market capitalization of PLN 62.5 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.