BPP issues bonds

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On 30th June, Bydgoski Park Przemysłowy Sp. z o.o. and Gospodarczy Bank Wielkopolski S.A. Spółdzielcza Grupa Bankowa signed an agreement on issuing BPP's bonds in the amount of PLN 21 million. The money will be allocated to the implementation of the project "The development of technical infrastructure of BPP" The BPP bond issues, with a face value of PLN 1 million each, will take place in five series. The first one has been planned for 20th July 2010 and the last one for 20th September 2011. The function of issue agent will be performed by GBW S.A., which will take up all the bonds into its own account. Their redemption will take place on 20th November 2014.

The aim of the Company's bonds issue is to obtain financial resources for the project "The development of technical infrastructure of the Bydgoszcz Industrial Park" carried out as a part of the Regional Operational Programme of Kujawsko-Pomorskie Province for the years 2007-2013. Its value is over PLN 74 million gross. The agreement was signed on Wednesday at the registered office of GBW S.A. in Poznań. On behalf of BPP, it was signed by the President of the Management Board, Ryszard Chodyn, and Member of the Management Board, Roman Woźniak, and, on behalf of the Bank, by the Vice-President of the Management Board, Ryszard Lorek. The majority shareholder of the Park, the municipality of Bydgoszcz, was represented by the Coordinator of the Investors and Enterprises' Assistance Team of the City Office, Edyta Wiwatowska.

The project "The development of technical infrastructure" has been the largest undertaking in the history of BPP so far. Its main aim is to activate the new part of the Park and create favourable business activity conditions for investors. The task, the accomplishment of which began in June this year, involves, e.g. the construction of new roads with lighting, pavements and bicycle tracks, new water-pipe networks and sewage systems, junctions of roads and railway, as well as, ultimately, the connection of the Park with the national road S-10.


Bydgoski Park Przemysłowo-Technologiczny Sp. z o.o.,  ul. Bogdana Raczkowskiego 11, 85-825 Bydgoszcz (Poland)
phone: + 48 52 365 33 10, fax: + 48 52 365 33 17, REGON (Company no.): 340011279
NIP (VAT Reg. no.): 953-249-38-87, Company\'s share capital: 72 973 000.00 PLN
District Court in Bydgoszcz, 13th Economic Division of the National Court Register
KRS (National Court Registry no.) 0000237714

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