Poland sells total of 2.33 bln zlotys of 5-yr, 20-yr bonds at switch tender

WARSAW (Thomson Financial) - Poland sold a total of 2.33 bln zlotys of its 5-year and 20-year bonds in exchange for papers maturing this year and in the first half of 2008 at a switch tender today, the finance ministry said.

The ministry said it sold 829 mln zlotys of 5-year papers maturing in April 2012 at a minimum price of 968.5 zlotys.

It also sold 1.5 bln of the little-traded 20-year papers, maturing in September 2022, at a minimum price of 1,022 zlotys.

Source:By Patrick Graham, forbes.com