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Monday, November 3, 2008

Finance ministry makes November T-bond offer dependent on market situation.


Source: IntelliNews - Poland Today




Finance ministry makes November T-bond offer dependent on market situation. Due to unstable market situation the finance ministry presented only the guidelines of its Treasury bond auctions' schedule for November stressing that issue policy will be very flexible. Auctions for 5-year fixed-rate, 10-year floating-rate and 15-year CPI indexed T-bonds previously announced in the yearly tender calendar will not be held, the ministry said adding that the potential sale of fixed-rate T-bonds in November would be carried out considering the market situation and conclusions from consultations with investors. Also, a switch auction could be carried out depending on the market sentiments and the results of the consultations. If the situation is favourable the auction will be held on Nov 12, with up to PLN 2bn of papers. In October, the ministry organised two auctions, selling PLN 2.2bn in 5-year bonds PS0413 and PLN 3.0bn in 10-year bonds DS1019. At its switch auction, the ministry sold bonds worth of PLN 0.7bn. ISB







We’ve done it before, we’ll do it again. Oh well. No. Maybe we won’t do it again...

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