Profil:
Bank Gospodarstwa KrajowegoPolish development bank BGK sells three series of T-bonds for PLN 45 mln at top-up auction
Polish state development bank BGK sold PLN 45 million (EUR 10.5 mln) in three series of FPC fund bonds (FPC0631, FPC0733 and FPC0342) at the top-up auction on Thursday, the bank said in a statement. The bonds were issued for the benefit of the Covid-19 Countermeasures Fund.
Earlier today, Poland's development bank BGK sold PLN 338.5 million (EUR 78.6 mln) in three series of FPC fund bonds (FPC0631, FPC0733 and FPC0342), against a demand of PLN 688.5 million (EUR 159.9 mln) for four series.
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 finance, mainly in the form of bond issues.
pat/ mik/ nl/