MF sold eurobonds worth €1 bln

The Ministry of Finance has sold 10 year benchmark eurobonds worth €1 billion, with demand valued at €1.3 billion, the ministry reported.

“After a few months of absence, we decided to enter the euro market with the issue of 10 year bonds, taking advantage of investors’ appetite for Polish assets,” said Dorota Podedworna-Tarnowska, the deputy finance minister, adding that this year, the ministry issued eurobonds worth €1.5 billion in total.

Main investors came from Germany (accounting for 38 percent of the total number), Belgium (11 percent) and Poland (10 percent). As much as 48 percent of buyers were investment funds, while 30 percent of them represented banks.

Poland’s borrowing needs for this year were satisfied in July, the ministry informed earlier.

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