Poland to offer PLN 6-17.5 bln in various bonds in 5 T-bond auctions in Q3.

By bne IntelliNews July 1, 2011
Poland will offer PLN 6.0-12.5 bn in three T-bonds auctions, up to PLN 5 bn in road infrastructure bonds and will refrain from offering T-bills in Q3, the Finance Ministry said in quarterly supply statement. Poland will thus offer PLN 1-3 bn in 10-year fixed rate papers DS1021 on July 21, PLN 3-5 bn in 2-year zero coupon papers OK or 5-year papers PS on August 10 as well as PLN 2-4.5 bn in 20-year papers WS, WIBOR-based variable rates WZ bonds or inflation-indexed IZ papers on September 22. Poland will also run two auctions on behalf of road infrastructure fund KFD, offering up to PLN 5 bn at auctions slated for July 27 and August 24. Poland will refrain from offering any T-bills in Q3 but will hold one T-bill buy-back auction on July 11. Additionally, Poland will hold one switching auction monthly in Q3, on July 7, August 3 and September 8 respectively.
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