EBRD mulls buying Polsat bonds

Cyfrowy Polsat and the European Bank for Reconstruction and Development have signed a framework agreement as the European institution is considering a purchase of the Polish media group's bonds, the ISBnews reported. The agreement does not bind the EBRD to buying the bonds, however Cyfrowy Polsat obligated itself to act in line with the EBRD Designated Performance Requirements and anti-corruption requirements . The media group informed last week that is has already started talks with financial institutions regarding refinancing its outstanding debt.