Bond Krajowa Gospodarka Bank 4.375% ( XS2831765099 ) in EUR

Issuer	Krajowa Gospodarka Bank
Market price	96.5 % ⇌
Country	Poland
ISIN code	XS2831765099 ( in EUR )
Interest rate	4.375% per year ( payment 1 time a year)
Maturity	10/06/2054
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Minimal amount	100 000 EUR
Total amount	500 000 000 EUR
Next Coupon	11/06/2027 ( In 359 days )
Detailed description	Bank Gospodarstwa Krajowego (BGK) is a Polish state-owned development bank that provides financing and support for Polish businesses and public infrastructure projects. Market participants are currently observing a long-dated, Euro-denominated bond issuance, identifiable by ISIN XS2831765099, originating from Bank Gospodarstwa Krajowego (BGK), the sole state-owned development bank of Poland. BGK holds a crucial mandate in supporting Poland's economic and social development by implementing national economic programs, managing various state and European Union funds, and providing strategic, long-term financing for infrastructure projects, export initiatives, and small and medium-sized enterprises; its strong connection to the Polish state often positions its issuances with an implied sovereign backing, underscoring its systemic importance. This specific obligation, denominated in EUR, represents a total issuance volume of EUR 500,000,000 and carries a fixed annual coupon rate of 4.375%. Its extended maturity date of June 10, 2054, classifies it as a long-term investment vehicle, with interest payments distributed once per year. The bond is currently trading on the secondary market at 96.5% of its par value, suggesting an effective yield slightly higher than its nominal coupon. For investors, the minimum purchase size is set at EUR 100,000, making it accessible to institutional investors and substantial private portfolios seeking exposure to a state-backed entity from a prominent EU member state.