Background

Supporting Polish COVID Response programme

  • Poland
  • Bank Gospodarstwa Krajowego (BGK)
  • 2021
  • Pharma
  • IBEC has participated in primary placement of COVID-19 Response bonds of the Polish national development bank Bank Gospodarstwa Krajowego (BGK).
    New 7-year bonds have been issued under BGK’s Euro Medium Term Note (EMTN) Programme on behalf of COVID-19 Response Fund and are irrevocably and unconditionally guaranteed by the State Treasury of the Republic of Poland. The size of new issue is EUR 500 million. Joint Lead Managers are Citi, Commerzbank, ING, PKO Bank Polski and Santander.
    The funds raised will be used to finance programs combating the COVID-19 pandemic and its consequences, restore the most affected sectors of the economy, and support medical and social infrastructure.
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