Poland's state treasury debt rises by 0.7% m/m at end of September

By bne IntelliNews November 21, 2013

The state treasury's debt increased by 0.7% in monthly terms to PLN 847.71bn at the end of September 2013 (and was up by 6.8% ytd vs. growth of 2.9% in entire 2012), according to the data of the ministry of finance.
In euro terms, it stood at EUR 201.06bn (+1.8% m/m, +3.5% ytd), while in U.S. dollar terms - at USD 271.47bn (+3.8% m/m, +6.0% ytd).
Domestic debt amounted to PLN 589.71bn (+0.7% m/m, +8.6% ytd), or EUR 139.86bn (+2.2% m/m, +5.3% ytd). Foreign debt stood at PLN 258.00bn (-0.2% m/m, +2.8% ytd), or EUR 61.19bn (+1.0% m/m, -0.3% ytd).
The ministry kept its debt in Treasury bills at zero, while the debt in T-bonds issued on the domestic market inched up by 1.0% m/m to PLN 570.40bn (or rose by 2.2% m/m to EUR 135.28bn).
The ministry also noted that interest rate risk measures of the State Treasury debt deteriorated since the beginning of 2013: the average time to refixing (ATR) of this debt decreased from 4.30 to 4.11 years and duration decreased from 3.81 to 3.58 years.

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