12/04/2007

Poland offers 2.2 bln zlotys of 2-yr bonds at tender on Wednesday

WARSAW (Thomson Financial) - Poland will offer 2.2 bln zlotys of its 2-year bonds at a tender on Wednesday, near the bottom end of its initial range for the auction of 2.0-3.0 bln, the finance ministry said in a statement today.

The ministry also said it sold 2.0 bln zlotys of its 52-week treasury bills at an auction today.

Investors bid for 3.3 bln zlotys of the bills, the ministry said, and it set the minimum price at the sale at 9,440.71 zlotys, with the average yield 5.740 pct and reduction rate 29.64 pct
Source: By Patrick Graham, forbes.com



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