PKE to sign bond issue agreement with banks this week

The contract between Południowy Koncern Energetyczny (PKE) and a consortium of BPH Bank, Bank Handlowy and BRE Bank concerning issuing PKE's bond issue worth zł.600 million will probably be signed this week, said PKE president Jan Kurp. After long negotiations the only issue left on the agenda is the guarantee by the company running the bond issue to take over any bonds that remain unsold. PKE plans to spend the raised capital on a new power station that is already under construction. The investment will cost roughly zł.1.7 billion, which means that PKE will still have to find further financing to complete it. (Puls Biznesu, pp. 1, 5) J.J.