Poland to offer EUR 1.4-2.4bn in 4 series of T-bonds at Thursday auction

By bne IntelliNews January 22, 2014

The ministry of finance will offer PLN 6-10bn (EUR 1.4-2.4bn) worth of four series of Treasury bonds maturing in 2016-2023 at a primary auction on Thursday (Jan 9).
Bonds of the following series will be on offer: OK0716 (maturing in July of 2016), PS0418 (April of 2018), WZ0119 (January of 2019) and DS1023 (October of 2023).
Earlier, the ministry said that on Jan 23, the offer will be worth of PLN 5-10bn, the choice depending on the market conditions from the following T-bonds: OK0716 / WZ0119 / off-the-run T-bonds.
The ministry also pledged earlier that it will offer PLN 25-35bn (EUR 6.0-8.4bn) in 5-6 auctions of Treasury bonds in Q1 of 2014. It may hold a non-cash switch auction of T-bonds only in March, while T-bill auctions are possible within the confines of the level of state budget liquidity funds management.

Related Articles

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

EU calls for tax haven blacklist in Paradise Papers fallout

The finance ministers of the European Union member states have called for the creation of a blacklist of tax havens to crack down on tax dodging, the ministers said at a meeting in Brussels on ... more

Dismiss