PGNiG with PLN 5 bln private placement bond issuance program

WSE-listed gas giant PGNiG signed a deal with 4 banks for managing its PLN 5 billion private placement bond program, the company said in a market filing. The lenders include ING Bank Śląski, Bank Pekao, Bank Handlowy and BGŻ BNP Paribas. The program will last 5 years and cover bonds with tenors of up to 10 years. The bonds may be floated on the Catalyst market. “The bonds will be issued in order to obtain funds to meet the current financial needs related to the implementation of the strategy of the PGNiG capital group,” the company said.