Published: 09.39 Europe/London, May 4, 2011

The leading Polish DTH platform Cyfrowy Polsat has announced that it is planning a non-public bond offer of Ä350 million through a wholly owned Swedish subsidiary named Cyfrowy Polsat Finance AB.

The money raised from the bonds, which would be guaranteed by Cyfrowy Polsat and some of its subsidiaries, would be used towards repaying debts incurred in the acquisition of Cyfrowy Polsatís parent company Telewizja Polsat.

The latter deal, worth PLN3.75 billion (Ä952.3 million), was announced last November and finalised on April 20.