imcccccWARSAW: Poland will offer bonds maturing in January 2015, January 2021 and October 2021 in exchange for papers due 2012 at a switch tender on Wednesday, the finance ministry said on Monday.

The ministry said in a statement it would offer WZ0115, WZ0121 and DS1021 bonds on Wednesday, accepting OK0112, PS0412 and OK0712 papers in return.

Switch tenders are non-cash transactions at which the finance ministry exchanges papers nearing their maturity for those with a longer one.

Copyright Reuters, 2011

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