News
26.04.2012 PGNiG SA appoints arrangers for its bond programme
PGNiG SA has executed a mandate letter appointing ING Bank Śląski and Bank Polska Kasa Opieki SA to act as arrangers for its PLN 4.5bn 5-year domestic bond programme. The first bond issue under the programme, for an amount of up to PLN 2bn, is to take place before the end of June 2012.
The purpose of the issue will be to secure and diversify sources of financing for the Company's extensive investment programme in the coming years. Once issued, the bonds may be traded on the Catalyst multilateral trading facility operated by the Warsaw Stock Exchange.
In 2012 the PGNiG Group plans to spend some PLN 8bn in capital expenditure, including PLN 3bn on the Vattenfall Heat Poland acquisition. The balance is to be applied towards conventional oil and gas exploration, shale gas exploration, construction and expansion of underground storage capacities and the distribution network, including new gas service lines, and projects in the power sector.
Press Team
PGNiG SA
