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Bank Gospodarstwa KrajowegoBGK sells PLN 430.5 mln in three series of rescue bonds at top-up auction
Poland's state development bank BGK sold total of PLN 430.5 million (EUR 101.5 mln) in three series of FPC fund bonds (FPC0229, FPC0332 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 on Thursday, BGK sold over PLN 3 billion (EUR 707.1 mln) in four series of rescue-funding FPC fund bonds (FPC0229, FPC0231, FPC0332 and FPC0235) at the regular auction, against a demand of nearly PLN 4.78 billion (EUR 1.13 bln).
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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