The Warsaw Voice » Business » News - July 2, 2014
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Coal miner Bogdanka to issue PLN 600m bonds
   
Coal miner Bogdanka signed a deal with bank Pekao and bank BGK on the issue of up to PLN 600 million in bonds.

The banks vowed to underwrite the bonds.

"The aim of the issue is securing means for refinancing current debt, financing ongoing activity of the firm as well as the realization of investment needs," the firm said.

The issue in the frame of the first tranche will be made by June 30, 2015, and in the frame of the second tranche: by June 30, 2016, Bogdanka said.

The coupon on the bonds will be based on the 3M WIBOR, the filing said.