Poland to finance 50pct of 2013 borrowing needs at end-Feb.
February 8, 2013
Poland’s Finance Ministry feels safe about securing 50% of 2013 borrowing needs at the end of February and will shape its future policy of issuance according to the market situation, with two-year papers possibly returning to favor, deputy Finance Minister Wojciech Kowalczyk told reporters on Thursday.
"As far as future issues are concerned we are flexible, we will issue what the market needs," Kowalczyk said. "Depending on the market situation we may consider returning to two-year papers. We haven't offered short-term papers for a long time, it's our safety valve."
Finance Ministry will rather refrain from issuing T-bills, which are treated as a tool of liquidity management on a current basis, Kowalczyk also said.
Poland financed ca. 44% of 2013 borrowing needs at end-January, Finance Ministry said in a statement on January 31.