Poland mulls using retail bonds as liquidity tool
October 28, 2013
The Polish government is mulling using retail bonds as a budget liquidity management tool, and will probe market with a November issue of 13-month papers, Finance Ministry public debt director Piotr Marczak said at a press conference.
"In December we plan to analyze the sale of the November 13M paper and assess the depth of the market for that kind of bonds," Marczak said.
"The decision if similar one-off auctions of savings bonds might be used to partially replace T-bills as budget liquidity management tool will depend on the assessment of sales results," he said.
At the same time, Marczak said he does not believe the retail market to be deep enough to serve as liquidity tool.