Poland's Wielkopolska province to issue EUR 54mn worth of bonds in 2013

By bne IntelliNews May 28, 2013

The local government of the Wielkopolska province (western Poland) has passed a resolution stipulating for a bond issue worth of PLN 228mn (EUR 54mn) this year. The majority of the issue's proceeds (PLN 208mn) will be earmarked for the 2013 investments, while part of them (PLN 20mn) for rolling over older notes.

This year, the province plans to invest PLN 402mn in road and railway infrastructure, PLN 108mn on land or drainage improvement and PLN 93mn on the authorities new seat.

The province's debt is planned at PLN 532mn at the end of 2013.


Related Articles

Protests against judiciary reform continue to rock Poland

Polish protests against the government's judiciary reforms continued for a sixth day on July 23, as crowds sought to add to pressure on President Andrzej Duda to veto the controversial bills that ... more

Czech judiciary denounces Poland's move to end separation of powers

Senior Czech judges on July 21 denounced Poland's judicial overhaul as an attack on the rule of law. With big street protests in the Czech Republic's neighbour seemingly gathering momentum – 120 ... more

Strongly profitable Czech petrochemical maker Unipetrol puts cracker explosion behind it

Unipetrol looks to have finally got over the August 2015 fire and explosion that wrecked its steam cracker, an indispensable installation in the production of ethylene feedstock needed to manufacture ... more