Cyfrowy Polsat to borrow up to PLN 1 bln

The largest Polish media group decided on Friday to issue bonds worth up to PLN 1 billion, Reuters reported. Polsat will issue the debt by July 15. The bonds' maturity is to be December 31, 2022 at the latest. Cyfrowy Polsat is a Polish DTH platform. It has been operating since 1999. The company's revenues reached PLN 3 billion in 2013 and its net profit amounted to PLN 500 million.