TVN to issue bonds

By FNE Staff
    Polish commercial TV station TVN will issue 588 million euros in bonds, according to a November 5 statement.

    Reuters news agency said the bonds will be issued to cover the cost of the station's purchase of an addition 49% of the satellite platform 'n', giving it 100% ownership, as well as to refinance TVN's own debt.

    TVN projects break-even in 2011. The bonds will have a 10-13 year maturity.

    Investors and experts reacted negatively to the news.