The ministry of finance has sold a total of PLN 12.02bn (EUR 2.9bn) of Treasury bonds at an auction, with demand totalling PLN 16.49bn. It stressed that both the sale and demand was the highest in history. Its offer amounted to PLN 8.0-12.0bn.
The ministry sold notes of the following series: OK0116 (maturing in January of 2016) worth of PLN 4.84bn, IZ0823 (maturing in August of 2023) to the tune of PLN 5.76bn and DS1023 (maturing in October of 2023) for PLN 1.42bn. The yield was: 3.065%, 2.178% and 4.302%, respectively.
The auction meant that the government's 2013 borrowing needs have been realised in full, according to the ministry's public debt department director Piotr Marczak. In line with the schedule, there will be three more T-bond auctions till the end of the year - he stressed that they will serve to pre-finance the 2014 budget borrowing needs.
While presenting its T-bond auctions schedule for Q4, the ministry said that after September, it has secured 91% of this year's state budget borrowing needs (according to the amended 2013 budget law), while the successful completion of the two auctions planned for October would allow it to reach 100%. At the first auction this month, the ministry sold PLN 3.1bn in five-year T-bonds.
Glass wool manufacturing has resumed in Hungary after a 16-year break, as the first trial products rolled off the production line at a new thermal insulation plant built in northeastern Hungary ... more
Poland will acquire three synthetic aperture radar (SAR) satellites under a €200mn agreement with Polish-Finnish satellite operator ICEYE, the company said on May 14. The contract comes in the ... more
Erste Group acquired a 49% stake in Santander’s Polish bank for approximately €6.8bn, the Austrian lender said on May 5. The Austrian bank, the country’s largest, also agreed to purchase 50% ... more