WARSAW May 15 Poland's state bank BGK placed
three-year floating rate bonds worth 1.2 billion zlotys ($312.66
million) on Friday, the bank said on Monday.
The bonds were placed 43 basis points above the Warsaw
interbank offered rate WIBOR, BGK said.
"The aim of the issue was to roll over papers maturing on
May 19, 2017," BGK said, adding the size of the issue was
increased to 1.2 billion from an earlier planned 1 billion due
to investors' demand.
BGK said pension funds bought 47 percent of the issue, while
investment funds 43 percent.
"In 2017, we do not exclude issuing eurobonds for the State
Road Fund (KFD). The final decision regarding such issue will
depend on actual needs of the fund and the situation on
international markets," BGK said.
($1 = 3.8380 zlotys)
(Reporting by Pawel Sobczak; Writing by Marcin Goettig; Editing
by Lidia Kelly and Louise Heavens)