Locked content PGG with PLN 1.217 bln bond issue

Coal producer Polska Grupa Górnicza (PGG) has issued bonds worth PLN 1.217 billion. The funds will be used to pay off the debt of the recently acquired Katowicki Holding Węglowy (KHW). The bonds have been sold in three tranches, with the longest maturity in 2028. Terms of the issue include a signifi...

Locked content BGK with PLN 1.2 bln bonds issue

State bank BGK issued 1.2 million bonds worth PLN 1k each, the bank said in a market filing. The papers will mature in three years, till then BGK will pay interest to bondholders every six months. By end-March, BGK liabilities amount to PLN 80.6 billion, the bank said.  …

MF sells PLN 3 billion worth of bonds

The Ministry of Finance sold PLN 3 billion worth of bonds on auction on Thursday. The five series will mature in 2019, 2022 (two issues), 2026 and 2027. Investor interest was at PLN 6.86 billion.

Locked content BGK with PLN 1.2 bln bond issue

State-owned lender Bank Gospodarstwa Krajowego (BGK) sold PLN 1.2 billion worth of three-year floating rate bonds. The bonds were placed 43 basis points above the WIBOR rate. “The aim of the issue was to roll over papers maturing on May 19, 2017,” BGK said in a market filing, adding the size of the ...

FinMin: Debt financing reaches 46%

The level of debt financing after the March 2, bond tender, has reached 46 percent of this year’s financing needs, the Poland’s Finance Ministry said. This amount includes PLN 28.7 billion in bond issues, PLN 4.7 billion in bond conversion and PLN 13.4 billion from the bond conversion th...

Locked content Energa plans €250 million bond issue in Q1

WSE-listed power utility Energa plans to sell a minimum €250 million bond issue this quarter, the company said in a market filing. The bonds will mature in 10-12 years and will be allocated to “general corporate needs,” the company said. The papers will be floated on the Luxembourg Stock Exchange...

Locked content Farm 51 issuing limited number of J bonds

Polish start-up computer game producer Farm 51 adopted a resolution regarding the issue of its series J bonds which stipulated that the total nominal value of the bonds would be not more than PLN 5 million, the company said in a statement on Thursday. “The Board of The Farm 51 Group SA announces tha...