Locked content PKO BP issues €750 mln bonds

WSE-listed lender PKO BP issued 4-year eurobonds worth €750 million as part of its €3 billion medium term note program. The bonds have a 0.75 bp coupon, (65 bps above Mid Swap) and were priced at 99.792 percent of the face value. PKO BP wants to dual-list the bonds in Warsaw and Luxembourg. Within i...

Locked content BGK with a PLN 1 bln loan program for telecoms

State-owned lender BGK has launched a PLN 1 billion loan program targeting the development of high-speed internet infrastructure, signing the first agreement with state-controlled Alior Bank. “We assume that by the year 2023 we will spend PLN 1 billion for loans to telecommunications companies for t...

Locked content Pesa wins €50 mln tram contract with Kiev

Rolling stock producer Pesa signed a €50 million deal for the delivery of 40 low-floor trams to Kiev, Pesa said in a market filing. “This is a great pride for us, but also a confirmation of the good opinions of passengers and the carrier regarding our products. The trams delivered so far to Kyiv hav...

Locked content Bogdanka to double its coal resources with new field in Ostrów

Coal miner Bogdanka, a subsidiary of state-owned utility Enea, has filed a motion for a new mining license at Ostrów field, which if approved would increase company’s resources by some 186 million metric tons. With this move, and expanding its Bogdanka field, the company will nearly double its resou...

Locked content Alior Bank won’t update its strategy – acting CEO

WSE-listed lender Alior Bank sees no reason to update its recently announced strategy and expects to pay a dividend no sooner than in 2020, acting CEO Michał Chyczewski said. ”We will implement all strategic goals and parameters, by end-September we want to have an operational plan for meeting parti...

Pension revaluation to reach PLN 5.4 bln in 2018 – FinMin

According to the Ministry of Development and Finance, the cost of pension revaluation will reach PLN 5.4 billion in 2018, instead of previously planned PLN 4.8 billion. “Current macroeconomic forecasts indicate that pension inflation for 2017 will amount to 102.1 percent, instead of the previously e...

Locked content KUKE with new CEO

Shareholders of the Export Credit Insurance Corporation (KUKE) have appointed Piotr Antkiewicz as its new CEO. “Piotr Antkiewicz is a highly qualified manager with 20 years of insurance, banking, and management experience gained in international organizations,” KUKE said. Antkiewicz replaces Marek C...

Locked content Bieńkowska: Poland will receive less EU funds in 2021

EU commissioner for the internal market, industry and entrepreneurship Elżbieta Bieńkowska said that Poland will likely receive significantly less in EU funds in the next financial perspective which will begin in 2021. The exact figures will be known next year, she added. “Poland receiving €10...

Locked content Poland abstains in Ukrainian trade preferences vote

Agriculture ministers from EU Member States have voted to adopt the trade preferences for Ukraine, aimed at strengthening the country’s economy. Polish and Latvian representatives abstained from voting. Poland’s deputy agriculture minister Ryszard Zarudzki explained that Poland has reser...