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.

Related Articles

Polish anti-trust office clears PGE to take over EDF’s local energy assets

The Polish anti-monopoly body UOKiK has cleared the state-controlled power conglomerate PGE to take over the Polish assets of French peer EDF on condition that power from one acquired ... more

Poland reportedly defies EU court injunction on logging in Unesco-listed forest

Poland will not comply with the Court of Justice of the European Union’s injunction on logging in the ancient Bialowieza Forest, a newswire report claimed on August 4. Warsaw’s stance in ... more

Polish regulator gives RBI new IPO deadline

Polish financial market regulator KNF on August 2 gave Raiffeisen Bank International (RBI) a new deadline of May 15, 2018 to float 15% of its Polish unit. Under the terms of its purchase of the ... more

Dismiss