New bond blitz
According to Deputy Finance Minister Wiesław Szczuka, Poland may issue euro-denominated bonds within the next few weeks, as well as bonds denominated in Swiss francs and Japanese yen by June.
"We are considering a relatively small issue of eurobonds within weeks, and issues in Switzerland and Japan in the first half," Szczuka told Reuters. "The issues on the Japanese and Swiss markets may be similar in size to last year," he said. Last year, Poland sold bonds worth CHF400 million (zł.1.05 billion) and L50 (zł.1.47) billion. In January, the government sold EUR 3 (zł.12.24) billion worth of 15-year bonds.
Szczuka said the issues would all go towards Poland's planned early payback of $16 (zł.49.59) billion in debt to the Paris Club.
In previous weeks, Poland secured agreement from a majority of the 16 club members holding Polish debt for the early-repayment deal. According to Szczuka, Poland could pay back EUR 5.5 (zł.22.45) billion of its Paris Club debt on March 31. (Reuters) n
"We are considering a relatively small issue of eurobonds within weeks, and issues in Switzerland and Japan in the first half," Szczuka told Reuters. "The issues on the Japanese and Swiss markets may be similar in size to last year," he said. Last year, Poland sold bonds worth CHF400 million (zł.1.05 billion) and L50 (zł.1.47) billion. In January, the government sold EUR 3 (zł.12.24) billion worth of 15-year bonds.
Szczuka said the issues would all go towards Poland's planned early payback of $16 (zł.49.59) billion in debt to the Paris Club.
In previous weeks, Poland secured agreement from a majority of the 16 club members holding Polish debt for the early-repayment deal. According to Szczuka, Poland could pay back EUR 5.5 (zł.22.45) billion of its Paris Club debt on March 31. (Reuters) n
