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Bank Gospodarstwa KrajowegoBGK sells PLN 219 mln in two series of rescue bonds at top-up auction
Poland's state development bank BGK sold total of PLN 219 million (EUR 52.36 mln) in two series of FPC fund bonds (FPC0332 and FPC0235) at the top-up auction on Friday, the bank said in a statement. The bonds were issued for the benefit of the Covid-19 Response Fund.
Earlier today, BGK sold over PLN 1.722 billion (EUR 411.73 mln) in four series of FPC fund bonds (FPC0229, FPC0231, FPC0332 and FPC0235) at the regular auction, against a demand exceeding PLN 2.322 billion (EUR 555.2 mln).
All bond issues are being conducted for the benefit of the Covid-19 Response Fund operated by BGK bank. The Fund is for the public finance sector. Its full service is provided by BGK, in particular managing its liquidity and raising financing, mainly in the form of bond issues.
jz/ ao/