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Sovereign wealth funds on euromoney.com

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FX debate

FX debate

Currency markets in a post credit crisis world

Friday, May 2, 2008

Finance ministry reveals Treasury papers auction schedule for May.





Finance ministry reveals Treasury papers auction schedule for May. The finance ministry is to offer on two auctions in May 5-year fixed-rate series PS0413 bonds worth PLN 1.0-2.5bn and 20-year fixed-rate series WS0922 bonds worth PLN 1.0-2.5bn. The tender of PS0413 papers is to take place on May 7 and the one for WS0922 papers on May 14. The ministry said that it would conduct a switch auction on May 21. The bonds of PS0608 and OK0808 series could be repurchased. The offer depends on the market situation. In April, the ministry sold PLN 2.7bn worth of 2-year zero-coupon series OK0710 Treasury bonds, i.e. the entire offer, as well as PLN 2.0bn worth of 10-year series DS1017 bonds from the offer of PLN 2.3bn. The ministry also said that it would conduct two auctions of T-bills next month . On May 5, the ministry will offer 52-week notes worth of PLN 1.0-2.5bn and 3-week papers worth of PLN 1.0-2.5bn. On May 26, the offer will consist of PLN 2.0-3.0bn in 52-week notes, PLN 0.0-1.5bn in 26-week bills and PLN 0.0-1.5bn in 13-week papers. In April, the ministry sold PLN 3.13bn in 52-week bills (against the offer of PLN 3.00bn), PLN 1bn of 26-week notes (whole offer) and PLN 573mn of 13-week bills (PLN 500mn offer). ISB, tom


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