Poland sells all 2.3 bln zlotys of 5-yr bonds, demand 3.88 bln

WARSAW (Thomson Financial) - Poland sold all 2.3 bln zlotys of its 5-year bonds at a tender today, with investors bidding for a total of 3.88 bln zlotys of the papers, maturing in 2012, the finance minister said in a statement.

The minimum price at the tender was 961.5 zlotys, the ministry said. The average yield was 5.718 pct.

The ministry also added it would not hold a supplementary tender for the bonds, an option after well-bid offers.

Source: By Patrick Graham, forbes.com