Tauron signs PLN 6.27 bln bonds program with banks

Power utility Tauron has signed a PLN 6.27 bln bond program with Polish & foreign banks allowing for its potential increase to PLN 6.5 bln, the Polish Press Agency (PAP) informed. Tauron will use the money from the bond issue to cover its investment program, refinance debt and finance the general corporate spending of the Tauron group. The deal was signed with Bank Handlowy, Bank of Tokyo-Mitsubishi UFJ (Holland), Bank of Tokyo-Mitsubishi UFJ (Polska) , BZ WBK, the Polish unit of CaixaBank S.A., the Polish unit of Industrial and Commercial Bank of China (Europe), ING BSK and PKO BP.