FinMin to sell PLN 15-25 bln bonds in Q2

According to the Ministry of Finance, in Q2, between 3-5 tenders will be organized, and the ministry plans to sell PLN 15-25 billion worth of bonds during them. The government is also planning a 1-3 swap bonds auctions.

“After the first quarter we have already financed half of this year’s borrowing needs, the liquidity situation of the budget remains very good, there are about PLN 66 billion on budget accounts,” the ministry said.

The conversion tenders will depend on the market and budgetary situation – bonds to be bought back in 2018 with the option to buy back bonds maturing in 2019 will be offered, the ministry said in a statement.

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