Bank Gospodarstwa Krajowego (BGK) will organize on Thursday, March 10, a single price auction for 7-, 12- and 19-year bonds for the COVID-19 Countermeasure Fund, the bank said. the bank informed.
Series FPC0328 with maturity on March 12, 2028, series FPC0733 with maturity on July 21, 2033 and series FPC1140 with maturity on November 27, 2040 with a total minimum value of PLN 1 billion will be offered.
The tender will be settled on March 12, 2021.
BGK announced earlier two auctions for the sale of BGK bonds in March for the COVID-19 Countermeasure Fund: 10 and (optional) on March 31.
The basis for the issue of bonds is the Act of March 31, 2020 amending the Act on special solutions related to the prevention, prevention and combating of COVID-19, other infectious diseases and crisis situations caused by them, and certain other acts.
BGK is a state development bank that initiates and implements programs aimed at economic growth in Poland, cooperating with all development institutions such as PFR, KUKE, PAIH, PARP and ARP. BGK develops surety and guarantee systems aimed at stimulating entrepreneurship. One of the important tasks of the bank is also to support the foreign expansion of Polish enterprises. BGK manages European programs and distributes EU funds on a national and regional scale. It is involved in programs aimed at improving the situation on the housing market and Poles’ access to housing.
