Fitch: Value of non-Treasury bonds up by 11.5%

The value of non-Treasury debt securities issued by banks, companies and units of local government reached PLN 140.42 billion, an increase of 11.5 percent year-on-year and and by 0.7 percent quarter-on-quarter in Q1 2015, according to Fitch Rating agency. The value of bonds maturing in more than 365 days issued by enterprises stood at PLN 53.71 billion, an increase of 30.7 percent y/y. The value of similar bonds issued by banks reached PLN 49.46 billion, showing growth of 0.7 percent y/y. The value of debt securities issued by the units of local governments totaled PLN 19.12 billion, an increase of 4.3 percent y/y. Commercial papers (a short-term debt instrument issued by enterprises) were worth PLN 18.13 billion in Q1 2015, 4.3 percent more than in Q1 2014.