Profil:
Bank Gospodarstwa KrajowegoBGK bank plans to issue up to PLN 5.6 bln in bonds for National Road Fund in 2026
Poland's state development bank BGK plans to issue bonds with a nominal value of up to PLN 5.6 billion (EUR 1.3 bln) for the benefit of the National Road Fund (KFD) in 2026, according to the KFD's financial plan for next year. According to the plan, in the second quarter of 2026, the issues are to amount to PLN 4.3 billion (EUR 1 bln), and in the third quarter - PLN 1.3 billion (EUR 305 mln).
It was stated that bond issues for the National Road Fund KFD in 2026 may be conducted via tenders or private placements, with bonds secured by a State Treasury guarantee.
The issue date may be postponed, maintaining the annual bond issuance limit.
Bonds can be issued domestically and internationally, with timing considering auction schedules, State Treasury issuances, market conditions, and KFD's existing debt maturity profile.
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