PGNiG signs annex to bond issuance program

Poland's state-controlled gas distributor PGNiG has signed an annex to the short-term bond issuance program, raising the value of bonds from PLN 2 billion to PLN 5 billion, the company said. "Under the program, PGNiG may issue bonds to be acquired by PGNiG Group companies with the nominal value of up to PLN 1 billion, and may acquire notes issued by the companies with the nominal value of up to PLN 4 billion," a statement read. The program is part of the liquidity management optimization process run at the company.