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Bank Gospodarstwa KrajowegoBGK bank plans no more bond auctions in 2025, to offer PLN 18.5 bln in rescue bonds in 2026
Poland's state development bank BGK plans no more bond auctions till the end of this year and next year, managing director of BGK's Financial Markets Pillar announced. In 2026, the bank plans to offer - solely at domestic auctions - PLN 18.5 bln (EUR 4.4 bln) in rescue-funding FPC fund bonds, he added.
The November 27 auction wound up financing the rescue funding needs for this year, he said in a statement sent to PAP Biznes.
"On four auctions in the fourth quarter, we have collected the entire amount assumed in the fund's amended plan. This means that the last bond auction, planned for December 9, will not take place," Marczak said.
In 2025, BGK sold bonds totalling PLN 27.7 bln (EUR 6.5 bln), which was twice higher than in 2024. This, the director added, allowed to finance the entire borrowing needs of the rescue fund, even though market financing was raised by PLN 9.5 bln (EUR 2.2 bln) in the fourth quarter.
"In 2026, in line with the financial plan, BGK plans to issue bonds with total value of PLN 18.5 bln for the COVID-19 Response Fund. The issues will be carried out solely on the domestic market," he added.
"Till the end of the year, we do not plan any more issues of BGK bonds for our funds or for our own needs," Marczak concluded.
tom/ pel/
