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Poland to offer bonds due 2020-2029 at Friday switch tender

Published December 14, 2017 Updated December 14, 2017 01:38am
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By Fawad MaqsoodReuters
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WARSAW: Poland will offer to sell treasury bonds maturing in July 2020, November 2022, January 2023, July 2027, May 2028 and April 2029 at a switch tender on Friday, the finance ministry said on Wednesday.

In exchange for the papers the ministry said it would buy back debt due in January 2018, April 2018, July 2018 and October 2018.

Switch tenders are non-cash operations at which the ministry exchanges papers nearing maturity for longer-term debt.

Copyright Reuters, 2017

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