WARSAW, June 18 The supervisory board at
Poland's state-controlled insurer PZU agreed to a debt
issue worth up to 750 million euros ($1 billion) in notes due
not later than in 5 years, the group said late on Tuesday.
Earlier this year, eastern Europe's largest insurer said it
might issue senior debt worth 300 million euros to 500 million
euros to finance the acquisition of British insurer RSA's
units in the region.
RSA has sold the bulk of its eastern European operations to
PZU for some 360 million euros.
($1 = 0.7345 Euros)
(Reporting by Adrian Krajewski)