Fitch: Value of non-Treasury bonds up by 4.4%

The value of non-Treasury debt securities issued by banks, companies and units of local government reached PLN 146.66 billion, an increase of 4.4 percent year-on-year and and by 0.1 percent quarter-on-quarter in Q1 2016, according to Fitch Rating agency. The value of bonds maturing in more than 365 days issued by enterprises stood at PLN 64.69 billion, an increase of 20.4 percent y/y. The value of similar bonds issued by banks reached PLN 50.98 billion, showing growth of 3.1 percent y/y. The value of debt securities issued by the units of local governments totaled PLN 19.9 billion, an increase of 4 percent y/y. Commercial papers (a short-term debt instrument issued by enterprises) were worth PLN 11.09 billion in Q1 2016, 38.8 percent less than in Q1 2015.