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Bank Gospodarstwa KrajowegoPoland expects BGK and PFR bonds in 2027-29 to be redeemed and serviced using COVID-19 Response Fund
Poland's Ministry of Finance assumes that the redemption and servicing of state development bank BGK and Polish Development Fund (PFR) bonds in 2027-2029 will be financed from the COVID-19 Response Fund, the ministry stated in the newest debt management strategy.
"It was assumed that in 2027-2029, the servicing and redemption of bonds issued by BGK for the Covid-19 Response Fund and by the Polish Development Fund under the
Financial Shield will be carried out using funds from the Covid-19 Response Fund obtained through the issue of bonds," the ministry stated in the document.
COVID-19 Response Fund was established to secure funds needed to support actions regarding counteracting COVID-19, with Poland's state development bank BGK acting as the Fund’s operator.
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