BGK likely to refrain from PLN 1 billion bond issue

State-owned lender BGK will likely refrain from issuing bonds worth PLN 1 billion, but the €0.5-0.6 billion issue on behalf of the National Road Fund (KFD) is still possible and should take place at the turn of September and October, deputy CEO Andrzej Ladko told PAP. "After internal analyses we came to the conclusion that we will probably drop this issue for own purposes," Ladko said. "We see no need for it." "The KFD issue is still on the table," Ladko told PAP Thursday. "At the end of August we will evaluate what the fund's needs are and we will determine the details. We are planning to resolve this issue at the turn of September and October."