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 will be directed to selected investors. The bonds may in the future be traded on the Warsaw Stock Exchange’s Bondspot market, Grab also said.