Tauron with PLN 400 mln financing from BGK

State owned development bank, BGK has signed an annex to a deal, stipulating that the public lender will purchase PLN 400 million bonds issued by power utility Tauron Polska Energia. The total value of the bond issue program guaranteed by BGK amounts to PLN 1.7 billion. Bonds maturing between 2020 and 2029 will have a floating interest rate based on the 6M WIBOR interest rate plus bank markups.  BGK's involvment in the program is part of the Polish Investments project.