Borrowing needs financed in 90%

After June, the Ministry of Finance has financed 90 percent of this year’s borrowing needs and has started the pre-financing of next year’s needs, Piotr Marczak, public debt department director at the ministry, was quoted as saying by ISBnews. In August, the ministry is not planning any new debt auction, Marczak said. In Q3 there are plans to offer PLN 10-15 billion worth of bonds and complete this year’s borrowing need financing. There will be a PLN 1-3 billion auction and a second one on July 23, Marczak said. Supply for the second auction will be settled later.