PLN 62 bln in state coffers at end-May – FM

As of end-May, the Finance Ministry has financed 59 percent of its borrowing needs for the year, with PLN 62 billion in state coffers at the end of the month, Deputy Finance Minister Piotr Nowak stated. The Ministry is planning on one, relatively small bonds sale in June, which will also include a new type of 10-month premium bonds. In April, after the buy-out of five-year bonds, the debt arising from treasury bonds fell by PLN 11.2 billion, PLN 5.3 billion of which had been held by domestic banks and PLN 5.1 billion by foreign entities.