Locked content Tauron expands bond issue – sources

Major Polish power utility Tauron has decided to increase its five-year bond issue to PLN 1.75 billion compared to an earlier planned PLN 1 billion, according to sources quoted by Bloomberg. The sources said that Tauron closed the book-building process at a price equal to the WIBOR rate plus 90 basi...

Locked content Raiffeisen Polbank planning PLN 500 bln bond issue

Lender Raiffeisen Polbank would like to raise PLN 500 million in a bond issue, according to sources quoted by the Polish Press Agency. The bank is now said to be marketing the three-year bonds to potential investors. When asked about the issue, the lender confirmed that it “is considering a potentia...

Locked content CCC to issue PLN 210 million in bonds

Footwear retailer CCC is set to offer PLN 210 million worth of bonds (210,000 with par value of PLN 1,000 each) on Thursday, October 16. The securities will be traded on the Catalyst bond market of the Warsaw Stock Exchange. The bonds will be quoted until May 29, 2019, the company stated. CCC is the...

Locked content OT Logistics plans PLN 100 mln debt issue

The supervisory board of freight transportation company OT Logistics approved the issue of bonds with a total face value of up to PLN 100 million, the company said on Monday. The issue will be carried out in the form of a private placement. The issue proceeds will be spent on the redemption of A ser...

Locked content PZU eyes subordinated debt issue

Poland’s largest insurer PZU may carry out a subordinated debt issue before the end of this year, provided that it gets approval to do so from the Polish Financial Supervision Authority (KNF), the company’s management board member Przemysław Dąbrowski was quoted as saying by ISBnews. The company has...

Locked content Synthos issues senior notes worth €350 mln

Major Polish chemical group Synthos has issued senior notes with a total face value of €350 million, the company said on Wednesday. The securities will be listed on the Irish Stock Exchange and on the Global Exchange Market. At the same time, Synthos has decided to issue bonds within its capital gro...

Locked content BGK to issue €500 mln debt on foreign markets

State-owned lender Bank Gospodarstwa Krajowego (BGK) will issue 10-year bonds on foreign markets this year, the government’s press office said on Tuesday. The face value of the issue will be €500 million. The Polish government approved a guarantee for BGK’s bonds the same day, for a total sum of €70...

Locked content EY to prepare methodology for WSE’s ratings institute

Consultancy EY is preparing the rating criteria and methodology for the Analysis and Ratings Institute of the Warsaw Stock Exchange, according to sources quoted by the Polish Press Agency (PAP). EY was chosen in a procurement procedure, a source close to the matter told PAP. Another source confirmed...

Locked content BGK to issue bonds in private placement

State-owned lender Bank Gospodarstwa Krajowego will carry out a private placement of bonds worth PLN 500 million, the bank’s managing director Mariusz Grab told the Polish Press Agency. BGK will issue five-year bonds with a coupon yield. The bank is not announcing the issue price, as the securities ...