Kompania Węglowa to return to bond issue plans next year

Poland’s biggest coal mining firm Kompania Węglowa (KW) will return to bond issue plans next year, the company’s CEO Mirosław Taras told daily Puls Biznesu. Last week, KW, which is in a restructuring process, officially withdrew from an earlier plan to issue bonds worth up to PLN 750 million on foreign market. “This time it didn’t work, but next year it will,” Taras said. “Our meetings with foreign financial institutions showed that they expect us to make our restructuring plan more trustworthy by showing quick effects, visible also in financial results,” he added.