MF sold CHF denominated bonds with negative interest rate

The Ministry of Finance sold CHF 580 million worth in bonds maturing in three years with a negative yield at -0.21 percent. It means that Poland will receive CHF 3.7 million (PLN 14 million) more than it borrowed. "Poland has joined the elite group of countries issuing bonds with a negative yield. Investors are willing to pay for the possibility of buying their bonds as a safe harbor for capital," said Minister of Finance Mateusz Szczurek. The transaction is the biggest bond issue with a negative interest rate on the Swiss market, excluding the issue of Swiss government bonds.