BPH PBK to win record-breaking bond issue?

According to Parkiet, BPH PBK instead of Citibank will prepare the largest corporate bond issue worth zl. 11 billion for the National Grid (PSE), which is to compensate for cancelling its long-term contracts with power plants for receiving their energy. The bond issue is one of the conditions for privatizing PSE. Servicing such an operation would be an excellent opportunity for the bank, as the commission can amount to between 0.2-0.7% of the bonds total value, which is in the order of zl. 22 million to zl. 77 million. "It would not be the main source of income for such a bank, but might substantially improve its results," said an analyst with BH Robert Sobieraj. The BPH PBK spokesman said that he would be happy to confirm the information once the bank gets the go ahead for the issue. (Parkiet, p. 3) M.M.