State-held bank BGK to issue EUR 2bn of road-financing bonds in 2010

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Date: 2010-03-08 12:33

State-held bank BGK plans to issue the so-called infrastructural bonds, i.e. treasury papers issued in the name of the government's National Road Fund (KFD) to finance road and motorways construction, to the tune of PLN 8bn (EUR 2bn) this year, the bank's CEO Tomasz Mironczuk has announced.


The papers will be offered, in more or less equal tranches, in Q2-4, he added. In 2009, the value of road bonds was also around PLN 8bn. 

The finance ministry's representatives said late last year that the 2010 offer of these papers would like match the 2009 levels.

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