FinMin sells PLN 2 bln worth of bonds to BFG

The Ministry of Finance sold PLN 2 billion worth of bonds to the Bank Guarantee Fund (BFG), the ministry announced. The papers will mature in 5 years. “Under the agreement, the primary buyer may only be the Bank Guarantee Fund to which the ministry has given the exclusive right to submit an offer for the purchase of Treasury Bonds with floating interest rates and maturity on 21 July 2022. The nominal value of the issue is PLN 2 billion. The bond sale price is equal to their nominal value,” the ministry statement said.