Poland to offer domestic bonds worth of EUR 1.9-2.9bn at auction on Tuesday

By bne IntelliNews October 21, 2013

The ministry of finance is due to offer PLN 8.0-12.0bn (EUR 1.9-2.9bn) worth of domestic wholesale Treasury bonds at an auction on Tuesday (Oct 22). Eaerlier, the ministry planned to offer PLN 6.0-12.0bn worth of notes at this auction.
The bonds on offer will be of the following series: OK0116 (maturing in January of 2016), IZ0823 (maturing in August of 2023) and DS1023 (maturing in October of 2023).
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.

Related Articles

Poland’s PKN Orlen launches offer to delist Czechia’s Unipetrol

Poland’s state-controlled oil and gas company PKN Orlen has launched an offer to take over Czech refiner Unipetrol, the Polish company said on December 13. PKN Orlen said it will go through with ... more

Poland passes partial ban on Sunday retailing

The Polish parliament on November 24 passed a bill that bans retailing on the first and last Sunday of each month. The passing of the law – which still has to be reviewed by the Senate and ... more

European Parliament calls for use of “nuclear option” against Poland

The European Parliament adopted a resolution on November 15 calling on the EU Council to launch the so-called “nuclear option” against Poland to punish Warsaw for its alleged abuse of the ... more