Poland to support road fund with PLN 6.1 bln from bond issues

Poland plans issue PLN 6.1 billion in bonds through the state-owned development bank to support the Krajowy Fundusz Drogowy road fund in 2018, according to the ministry of infrastructure. The bond issuance is to support a PLN 16.1 billion investment plan for the next year. Both foreign and domestic issuance, as well as public auctions and private placements, are being considered. At the same time, the ministry has cut this year’s issuance plan to PLN 3.2 billion from the previous PLN 4.9 billion. At end-2017, KFD had PLN 37.67 debt.