Poland offers 440 mln zlotys in 2-yr bonds at supplementary tender

WARSAW (Thomson Financial) - Poland will offer 440 mln zlotys of its 2-year bonds at a non-competitive supplementary tender today, after it sold all 2.2 bln zlotys of the new paper at an auction earlier today, the finance ministry said.

After successful sales, the ministry can offer up to 20 pct of the initial offer at a top-up tender, to investors who bought at the primary auction.

Demand from investors at the earlier tender topped 7.34 bln zlotys.

Source: By Patrick Graham, forbes.com