PFR issues bonds worth PLN 500 mln for EIB

Polish Development Fund (PFR) issued debt securities with a nominal value of PLN 500 million, which have been fully subscribed by the European Investment Bank (EIB). The purpose of the issue is to finance the government's PFR Financial Shield program for micro, small and medium-sized enterprises affected by the coronavirus pandemic.

The bonds bear interest at 1.4 percent per year, and their maturity date is December 2027. If the relevant conditions are met, PFR may apply the Funding Advantage…