Poland to pre-finance some 25% of 2015 borrowing needs

Poland will have financed some 25 percent of its borrowing needs for 2015 by the end of 2014, Piotr Marczak from the Ministry of Finance was quoted as saying by the Polish Press Agency. The exact amount will depend on the bond exchange tender planned for December, Marczak said. No bond sales are scheduled before the end of this year. According to the draft budget law for 2015, Poland’s net borrowing needs amount to 53.98 billion compared to PLN 47.38 billion.