Profil:
Bank Gospodarstwa KrajowegoBGK sells PLN 42 mln in two series of rescue bonds at top-up auction
Poland's state development bank BGK sold total of PLN 42 million (EUR 9.8 mln) in two series of FPC fund bonds (FPC0231 and FPC0235) at the top-up auction on Thursday, the bank said in a statement. The bonds were issued for the benefit of the Covid-19 Response Fund.
Earlier today, BGK sold PLN 300 million (EUR 70.6 mln) in two series of rescue-funding FPC fund bonds (FPC0231 and FPC0235 ) at an auction on Thursday, against a demand of nearly PLN 964 million (EUR 226.9 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.
pat/ han/