Polish Oil, Gas Firm To Sell $2.1B Bonds

Polskie Górnictwo Naftowe i Gazownictwo is looking to raise a higher amount of $2.1 billion in a sale of its bonds.

Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) is looking to raise a higher amount of $2.1 billion in a sale of its bonds, Reuters reports. The company initially planned to raise $1.47 billion from the sale.

The securities will be issued to obtain resources to satisfy current financial needs and to finance the PGNiG’s capital investments. PGNiG is a Poland-based oil and natural gas company.

Click here for the story from Reuters.