Profil:
Bank Gospodarstwa KrajowegoBGK bank reduces its bond issuance plans for National Road Fund for 2025 by PLN 4 bln
Poland's state development bank BGK, has reduced its bond issuance plans for the National Road Fund KFD for 2025 by PLN 4 billion (EUR 940 mln) and does not plan any further issuances to finance the KFD for the rest of the year, according to the revised KFD financial plan published on the BGK website.
The new plan shows that after obtaining financing for the KFD in the first quarter in the amount of approximately PLN 4.1 billion (EUR 963.5 mln) through the issuance of bonds, BGK does not plan any further inflows for this fund later in the year.
In March this year, BGK announced that the then issue of 12-year bonds for EUR 1 billion should fully finance this year's liquidity needs of KFD.
tus/ nl/