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Bank Gospodarstwa KrajowegoBGK sells PLN 51 mln in three series of rescue bonds at top-up auction
Poland's state development bank BGK sold total of PLN 51 million (EUR 11.9 mln) in three series of FPC fund bonds (FPC0328, FPC0631 and FPC0733) at the top-up auction on Monday, the bank said in a statement. The bonds were issued for the benefit of the Covid-19 Countermeasures Fund.
Earlier today, BGK sold PLN 588 million (EUR 137 mln) in three series of FPC fund bonds (FPC0328, FPC0631 and FPC0733) at the regular auction, against a demand of PLN 648 million (EUR 150.9 mln).
All bond issues are being conducted for the benefit of the Covid-19 Countermeasures 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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