Poland to forgo further bond issues in USD and EUR this year - minister
January 20, 2014
The Polish government will forgo further public bond issues in USD and EUR in 2014, will focus on smaller projects to new investors, deputy Finance Minister Wojciech Kowalczyk said on Friday.
"We should not conduct any further public issues on the EUR and USD market and we will focus on smaller projects reaching new investors," Kowalczyk wrote.
Poland's has already financed 65% of its FX borrowing needs and will finance almost 90% when planned loans from international financial institutions are counted in, Kowalczyk said.
On Thursday, Poland sold USD 2 billion in 10Y Yankee bonds, pricing the papers to yield 4.099%.