BGŻ Paribas to issue PLN 3.5 bln securities

The supervisory board of commercial lender BGŻ BNP Paribas has approved the issue of securities and bonds worth PLN 3.5 billion. "The board aims to raise financial means through the issue of securities or bonds to diversify the sources of stable and the long-term financing of the bank," a statement read. The program is non-public, securities and bonds will be denominated in the Polish złoty, their maturation period ranges from one month to ten years.