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PGE eyes EUR 500 mln in euro-bonds for foreign wind farms
March 14, 2012 / 2:42 PM / 6 years ago

PGE eyes EUR 500 mln in euro-bonds for foreign wind farms

WARSAW, March 14 (Reuters) - Poland’s top utility PGE mulls issuing 500 million euros worth of bonds to refinance a planned purchase of two wind farms abroad, Chief Executive Officer Wojciech Ostrowski said on Wednesday.

”We are carrying out a due-diligence (on two wind farms abroad) to analyse if that would be profitable,“ Ostrowski told reporters. ”I think a decision on this one is a matter of two-three months.

“The financing depends on the value. If it’s several hundread million euros, then we could think of euro-bonds. We could refinance that with euro-bonds worth some 500 million euros.” (Reporting by Agnieszka Barteczko, writing by Gabriela Baczynska)

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