New York  : London  : Brussels  : Moscow  : Beijing  : Sydney 
TAGR Sign In
Polish Shipyards Corporation recommends bank in $100 million bond issue

The Polish Shipyards Corporation (KPS), controlled by the Industrial Development Agency (ARP) after several months of preparations has recommended a bank to issue bonds worth $100 million, which would be used to support the financing of domestic shipyards.

"We have selected the cheapest offer. However, until the decision is made, I do not want to let it be known publicly which bank we have recommended," said Jerzy Konopka, KPS Deputy President. Puls Biznesu has learnt unofficially that the bank in question is Deutsche Bank. The Competition and Consumer Protection Office (UOKiK) on KPS' request is investigating whether the bonds which would be guaranteed by the ARP, would not be public aid.

(WBJ 12.xii.05)

News Archive