Poland to hold one regular treasury bond auction and one switching auction in September
August 28, 2013
Poland will hold one regular treasury bond auction and one switching auction in September, deputy Finance Minister Wojciech Kowalczyk told reporters Tuesday.
"We will hold one regular auction and one switching auction," Kowalczyk said.
The official would not speculate on the size of the offer or the type of paper, saying that "markets are volatile" and Poland "will adjust to them."
Poland hopes liquidity on the bond market will improve after the summer holiday, he added.
In a quarterly report published at end-June, Poland said that in September it would hold one regular auction and one switching auction aimed at redeeming papers maturing in October 2013 and January 2014.
The Tuesday announcement confirmed this previous statement.