The Warsaw Voice » Business » News - September 10, 2018
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PFR to purchase Pesa's bonds
Rolling stock producer Pesa will issue PLN 200 million in convertible bonds in order to provide a capital strengthening to the group, CEO Krzysztof Sedzikowski said, as quoted by Puls Biznesu daily.
The bonds will be purchased by state development fund PFR, in line with a recent investment agreement, and will be converted into shares in year time.
Pesa will also issue PLN 100 million in ordinary bonds. Pesa is also negotiating new credits and guarantees with financial institutions and hopes to conclude talks before the shareholders meeting scheduled for September 24, the CEO also said.