Finance Ministry bows to market and reveals share issuing plan

"We have made a survey among market participants" explained Piotr Marczak, deputy head of the Ministry's public debt department. "Most of them declared that they want to know our program even if it undergoes certain modifications," he explained. The Ministry plans to issue bonds on the domestic market worth zł.15.1 billion in the first quarter and then zł.14.9-21.5 billion in the second quarter, while the value of bonds issued abroad is expected to total EUR 300 million in the second quarter. The Ministry has also confirmed that the interest value of the new index bonds will be dependent on the level of inflation. It also intends to take out a loan of around EUR 300 million from the European Investment Bank. (Parkiet, p.7) A.F.