This is Poland's largest issuance on the dollar market in history.
Photo Freepik.com /bedneyimages
"On Monday, the Ministry of Finance placed bonds worth USD 8 billion, which is the largest issue of treasury bonds on the USD market," said Andrzej Domański, Minister of Finance. The transaction allowed for financing more than half of the borrowing needs for this year.
The Ministry placed 5-, 10- and 30-year bonds for a total amount of USD 8 billion. This is historically the largest issue ever carried out on the dollar market.
The Ministry has explained that the issue was carried out on the basis of the bond issuance program on the American market, approved by the US Securities Commission.
“Very high interest from stable and long-term investors translated into the yields of newly issued bonds amounting to 4.79% and 5.16%, respectively. and 5.58 percent” – added the minister.
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