CD Projekt announced its plans to diversify how it manages surplus cash. The company is going to invest it in treasury bonds.
According to its new strategy, CD Projekt will invest up to 300,000,000 PLN (around $71 million) to purchase treasury bonds. Up to half of this amount will be used to purchase Poland’s treasury bonds. Another 150 million zlotys the company will invest in bonds issued by the USA, Germany and Switzerdland.
The company behind The Witcher and Cyberpunk 2077, as well as digital storefront GOG.com, will purchase bonds over the next three months. Their corresponding buyback periods will not exceed 3 years, or 5 years in the case of selected US bonds.
According to the announcement, CD Projekt “has decided to limit the exchange rate risk associated with foreign bonds by carrying out, within the limits offered by the financial institutions cooperating with the Company, symmetric purchases.”