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Bank Gospodarstwa KrajowegoBGK sells PLN 349 mln in three series of rescue bonds at top-up auction
Poland's state development bank BGK sold total of PLN 349 million (EUR 83.3 mln) in three series of FPC fund bonds at the top-up auction on Wednesday, the bank said in a statement. The bonds were issued for the benefit of the Covid-19 Response Fund.
Earlier today, BGK sold PLN 1.56 billion (EUR 373 mln) in four series of FPC fund bonds (FPC0229, FPC0231, FPC0332 and FPC0235) at the regular auction, against a demand of nearly PLN 3 billion (EUR 716.4 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.
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