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.

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