Polish Finance Ministry sold a whopping PLN 10.9 billion in 5Y papers and PLN 996.8 million in 2Y papers, above the total supply range of PLN 6-9 billion, with total demand hitting PLN 19.8 billion, the Ministry said in a press statement.

The auction priced the PS0418 paper to yield 3.437% and OK0715 - 3.285%.

Later on Wednesday Poland sold the full offer of extra PLN 1.5 billion in five-year fixed-rate papers and PLN 300 million in two-year zero-coupon papers in a non-competitive top-up auction on Wednesday, with demand for 5Y papers hitting PLN 6.6 billion and for 2Y papers - PLN 1.7 billion.

"The auction dispelled any doubts as to Poland's perception by investors," Marczak boasted pointing to "record high demand both from domestic and foreign investors, record sale and lowest yields in history."

Overwhelming demand allowed Poland to accept "only several initial offers with prices above the market level," Marczak added. "Bids were so high that without reduction we managed to sell bonds above the upper supply range.