Tauron increases bond program by PLN 700 mln
16:19
Power utility Tauron has increased the value of its bond program with state-owned lender BGK by PLN 700 million to PLN 1.7 billion.
"The aim of the bond issue is to finance investment outlays, mainly in the area of distribution and generation," the statement read.
Cooperation with BGK takes place within the Polish Investments Program.
Initial deal with BGK on conducting a PLN 1 billion long-term bond issue was signed in 2013.
