Poland's state treasury debt rises by 1.4% m/m at end of November

By bne IntelliNews January 21, 2014

The state treasury's debt increased by 1.4% in monthly terms to PLN 853.06bn at the end of November of 2013 (and was up by 7.5% 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 203.12bn (+0.8% m/m, +4.6% ytd), while in U.S. dollar terms - at USD 276.55bn (+0.3% m/m, +8.0% ytd).
Domestic debt amounted to PLN 5xx.61bn (-0.7% m/m, +7.9% ytd), or EUR 141.69bn (+1.1% m/m, +6.7% ytd). Foreign debt stood at PLN 2.59bn (-0.9% m/m, +1.9% ytd), or EUR 61.43bn (+0.4% m/m, +0.1% ytd).
The ministry kept its debt in Treasury bills at zero, while the debt in T-bonds issued on the domestic market was up by 1.5% m/m to PLN 574.95bn (or rose by 0.9% m/m to EUR 136.90bn).
The ministry also noted that interest rate risk measures of the state treasury debt deteriorated since the beginning of 2013: average term to maturity (ATM) of state treasury debt decreased from 5.49 to 5.36 years (ATM of domestic debt increased from 4.47 years to 4.49 years and ATM of foreign debt decreased from 7.63 to 7.28 years).

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Poland's state treasury debt rises by 1.4% m/m at end of November

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