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BRIEF-Poland's Tauron flags savings, bond issue programme

Published 2015-08-20, 06:30 a/m
© Reuters.  BRIEF-Poland's Tauron flags savings, bond issue programme
TPE
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Aug 20 (Reuters) - Tauron Polska Energia SA TPE.WA
* Poland's No.2 utility, state-run Tauron TPE.WA , expects
at least 1.2 billion zlotys ($319.6 million) in savings from its
2016-2018 cost-cutting scheme, its deputy chief Krzysztof
Zawadzki said on Thursday.
* He expects CAPEX to fall by 500 million zlotys between
2016-2018.
* The group wants to come up with details of a 6.5 billion
zloty bond issue programme until the end of October. The
programme is scheduled for up to 7 years, with bulk of it to be
used to pay off 3.1 billion zlotys from Tauron's previous
scheme.Further company coverage: TPE.WA

($1 = 3.7553 zlotys)

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