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Poland's PGNiG intends to sell up to €1.2 billion notes
By Paul A. Harris
Portland, Ore., Aug. 25 - Poland's Polskie Gornictwo Naftowe i Gazownictwo SA (PGNiG) announced in a Thursday press release that it plans to sell up to €1.2 billion of fixed-rate or floating-rate notes with maturities of up to 10 years (Baa1).
SG CIB, BNP Paribas and Unicredit have been designated to manage the sale.
The Warsaw-based, state-controlled oil and natural gas company plans to use the proceeds for general liquidity purposes.
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