37. Debt securities in issue

  31.12.2015 31.12.2014
Debt securities in issue    
Financial instruments measured at amortised cost 9 361 229 13 182 348
bonds issued by PKO Finance AB 7 332 263 12 032 368
bonds issued by PKO Bank Polski SA 1 645 917 747 825
bonds issued by PKO Leasing SA 363 130 402 155
mortgage-backed securities issued by Bank Hipoteczny SA 19 919 -
Financial instruments measured at fair value through profit and loss - bank securities issued by PKO Bank Polski SA 71 744 118 262
Total 9 432 973 13 300 610

  31.12.2015 31.12.2014
Debt securities in issue by maturity:    
up to 1 month 46 411 557 314
from 1 month to 3 months 482 538 635 363
from 3 months to 1 year 2 649 916 5 313 454
from 1 year to 5 years 2 149 637 3 085 517
over 5 years 4 104 471 3 708 962
Total 9 432 973 13 300 610

In 2015 the Bank issued bank bonds with a nominal value of PLN 2 800 thousand classified respectively as measured at amortized cost, as well as bank bonds in EUR with a nominal value of PLN 852 300 thousand, classified as liability measured at amortized cost. In 2015, bank securities and bank bonds with a nominal value of PLN 2 800 594 thousand were redeemed.

Change in fair value in respect of credit risk on bank securities issued amounts to PLN 5 thousand as at 31 December 2015 (as at 31 December 2014 it amounted to PLN 649 thousand).

In 2015 PKO Leasing SA issued bonds at a nominal value of PLN 2 045 000 thousand and redeemed bonds at nominal value of PLN 2 270 000 thousand. As at 31 December 2015, the Company’s debt in respect of the bonds issued amounted to PLN 365 000 thousand (at nominal value) of which the debt due to the Bank amounted to PLN 240 thousand (at nominal value).

Bonds issued by PKO Finance AB:

Issuance date Nominal value Currency Maturity date Carrying amount as at 31.12.2015 Carrying amount as at 31.12.2014
21.10.2010* 800 000 EUR 21.10.2015 - 3 427 536
07.07.2011 250 000 CHF 07.07.2016 1 003 047 901 443
25.07.2012 50 000 EUR 25.07.2022 214 573 213 768
21.09.2012 500 000 CHF 21.12.2015 - 1 772 805
26.09.2012 1 000 000 USD 26.09.2022 3 938 519 3 540 943
23.01.2014 500 000 EUR 23.01.2019 2 176 124 2 175 873
Total       7 332 263 12 032 368

* Elimination of bonds held in the Brokerage House of PKO Bank Polski SA portfolio was taken into consideration.