Poland finances over 50pct of 2014 borrowing needs
January 24, 2014
The Polish government has financed over 50% of this year's borrowing needs after the biggest-ever Polish T-bond auction, which allowed the gov’t to place papers at prices close to the market ones, deputy Finance Minister Wojciech Kowalczyk said.
The Thursday auction was the biggest in history in terms of value of bonds sold, Kowalczyk said.
Poland sold PLN 3.37 billion in two-year zero-coupon papers, PLN 2.44 billion in 5Y fixed-rate papers, PLN 4.13 billion in 10Y fixed-rate bond and PLN 2.19 billion in WIBOR-based variable-rate papers, on total bids of PLN 18.42 billion, the Finance Ministry said in a statement.