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Tuesday, May 6, 2008

Finance ministry sells PLN 4.8bn worth of T-bills, demand at PLN 8.1bn.





Finance ministry sells PLN 4.8bn worth of T-bills, demand at PLN 8.1bn. The finance ministry sold 52-week T-bills worth PLN 2.787bn against the offer of PLN 2.5bn and 3-week notes worth of PLN 2.008bn compared to PLN 2.2bn offer at an auction held yesterday (May 5). Demand for the 52-week papers was PLN 4.123bn and the minimum price was PLN 9,394.12, with the average yield at 6.340%. In the case of the 3-week bills, demand was PLN 4.025bn, the average yield 5.914% and the minimum price - PLN 9,965.29. In April, the ministry sold T-bills totalling PLN 4.17bn. The ministry will offer 5-year series PS0413 Treasury bonds worth PLN 1.8bn tomorrow. In March, it sold all bonds of this series worth PLN 1.5bn. ISB


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