Polish Development Fund issues four-year bonds worth EUR 3.3 bln

The Polish Development Fund (PFR) began on Monday its first issue of four-year bonds valued at PLN 15 billion (EUR 3.31 billion), PFR President Pawel Borys wrote on Twitter.

"As planned, we are operationally launching PFR's Financial Shield," Borys tweeted on Monday.

In order to begin handing over funds to Polish firms, PFR has launched its programme to issue PLN 100 billion (EUR 22.1 billion) in bonds.

According to previous information obtained by PAP, the maturity date of the PFR bonds, which are to be listed on the Catalyst market, was set for April 29, 2024.

The organiser of the issue will be PKO BP, Poland's biggest bank.

Documentation shows PFR intends to gain PLN 25 billion (EUR 5.5 billion) each from the issues of 2-year, 3-year and 5-year bonds.