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.
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