Poland sells 1.63 bln zlotys of 5- and 10-yr bonds at switch tender

WARSAW (Thomson Financial) - Poland sold 698.86 mln zlotys of its benchmark five-year bonds and 926.86 mln zlotys of 10-year notes in exchange for the papers maturing later this year and in April 2008 at a switch tender today, the finance ministry said.

The ministry said the minimum price paid for the 5-year bonds at the tender was 960.80-960.83 zlotys, with the average yield totaling 5.703-5.706 pct.

The minimum price paid for the 10-year bonds was 958.30 zlotys, with the average yield at 5.788 pct, the statement said.

Source: By Piotr Skolimowski, forbes.coml