PLN 3-6 bln T-bonds on offer in May – FinMin

The ministry of finance will offer PLN 3-6 billion worth of treasury bonds at a public tender scheduled for May 24, the ministry stated. By end-April, as much as 55 percent of the budget’s loan needs for the entire year have been financed, with PLN 60 billion on the budget’s balance sheet at the end of April, deputy finance minister Piotr Nowak said and added that “In Q2 we lowered our planned bonds sales to PLN 15-25 billion, … and we can expect the sales to be closer to the lower figure.” In March, international investors increased their involvement in Polish treasury bonds by PLN 2.3 billion to PLN 202.8, the deputy minister also added.