Poland sells more than planned at bumper treasury bill tender

WARSAW (Thomson Financial) - Poland sold a total of 4.71 billion zlotys of treasury bills at a tender today, more than the initially planned offer of 4.5 billion, as investors bid for a total of 8.8 billion of the papers, the finance ministry said in a statement.

The ministry said it sold 3.13 billion zlotys of 52-week bills at a minimum price of 9,390.87 zlotys, 1.0 billion of 26-week bills at a minimum price of 9,691.57, and 572.5 million of 13-week bills at a minimum price of 9,848.39.

The average yield at the tender ran from 6.061 percent for the 13-week papers, to 6.220 percent for the 26-week bills and 6.380 percent.
Source: by Paweł Sobczak, forbes.com