EBRD puts Poland’s VW factory financing on hold

The European Bank for Reconstruction and Development has suspended funding of €250 million it had approved to help build a new Volkswagen factory in Września in the wake of the emission tests cheating scandal, according to two sources at the development bank quoted by Reuters.

Locked content PGE hopes to get PLN 500 mln from BGK and EBRD

Power utility PGE hopes to receive PLN 500 million from state-owned lender, Bank Gospodarstwa Krajowego (BGK) and the European Bank for Restructure and Development (EBRD), but it continues to put the issue of eurobonds on hold, said financial director Magdalena Bartoś. “Since our investments r...

Locked content EBRD lends Tele-Fonika Kable PLN 250 mln

The European Bank for Reconstruction and Development (EBRD) is providing PLN 250 million (€59 million equivalent) to the Polish cable and wire producer Tele-Fonika Kable SA (TFK) as part of a PLN 1.1 billion refinancing package arranged by the commercial lenders BZ WBK and mBank, a press release rea...

Locked content EBRD buys senior unsecured bonds on WSE

The European Bank for Reconstruction (EBRD) is purchasing PLN 20 million (approx. €4.7 million equivalent) of senior unsecured bonds issued by the Warsaw Stock Exchange (WSE) to support the bourse’s contributions to the development of Poland’s debt capital market, a press release read. “We wel...

Locked content EBRD to lend BZ WBK Lease €50mln

The European Bank for Reconstruction and Development (EBRD) informed that it is “providing a loan of up to €50 million to one of Poland’s fastest growing leasing companies, BZ WBK Lease, to support investments in sustainable energy projects of local small and medium-sized enterprises.” T...

Locked content PLN 92 million loan to build hospital in Żywiec

A consortium of banks has lent Upper Finance Med Consulting PLN 92 million to build and equip a hospital in Żywiec, which is realized by InterHealth Canada. Th loan of PLN 92 million, with the possibility to increase it up to PLN 135 million has been provided by a consortium of the following banks: ...

Locked content EBRD to invest in PKP Energetyka

London-based private equity CVC Capital Partners is in “advanced talks” with the European Bank for Reconstruction and Development (EBRD) regarding the possible institution’s investment in PKP Energetyka, recently acquired by the fund, ISBnews reported. According to the previous med...

Locked content EBRD invests in Cyfrowy Polsat bonds

The European Bank for Reconstruction and Development (EBRD) is investing in bonds issued by telecommunications and media company Cyfrowy Polsat. “The Bank’s investment will encourage the development of the local corporate bond market by supporting a sizable local currency corporate bond issue ...