Tauron to issue €500 mln bonds

WSE-listed power group Tauron is preparing a €500 million bond issue, and has hired a number of banks to attract potential investors during a roadshow in Europe. A final decision to proceed will depend on market conditions, the company added. Tauron will try to sell the bonds on the London Stock Exchange regulated market. The profits will be spent on “covering the issuer's expenses,” Tauron said in a market filing. The bonds will have 7-10 years maturity.