Poland Sells PLN3 Billion in Bonds

By Karen Hage Features Dow Jones Newswires

Poland sold 3 billion zloty ($802 million) of April 2019-, April 2022-, November 2022-, January 2026-, July 2027- and April 2047-dated government bonds at an auction Friday, the Finance Ministry said.

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The bonds on offer were existing issues that were reopened.

Below are details of the auction, with amounts in zloty. Figures in brackets are data from the previous auction, held May 18 for all bonds, except for the 2047-dated one that was last sold on Feb. 16.

Issue April 25, 2019 zero coupon note

Amount on offer (*) 3 bln

Bids received 1.505 bln

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Bids accepted 500 mln

Bid-to-cover ratio 3.01 (3.91)

Uniform yield 1.859% (1.905%)

Uniform price 96.62

Settlement date June 13, 2017

Issue 2.25% April 25, 2022

Amount on offer (*) 3 bln

Bids received 1.810 bln

Bids accepted 1.085 bln

Bid-to-cover ratio 1.67 (2.36)

Uniform yield 2.587% (2.734%)

Uniform price 98.46

Settlement date June 13, 2017

Issue Nov. 25, 2022 floating rate note

Amount on offer (*) 3 bln

Bids received 1.039 bln

Bids accepted 383 mln

Bid-to-cover ratio 2.71 (2.68)

Uniform price 97.83 (97.750)

Settlement date June 13, 2017

Issue Jan. 25, 2026 floating rate note

Amount on offer (*) 3 bln

Bids received 523 mln

Bids accepted 265 mln

Bid-to-cover ratio 1.97 (2.72)

Uniform price 95.22 (95.262)

Settlement date June 13, 2017

Issue 2.50% July 25, 2027

Amount on offer (*) 3 bln

Bids received 944 mln

Bids accepted 640 mln

Bid-to-cover ratio 1.48 (1.47)

Uniform yield 3.128% (3.289%)

Uniform price 94.61

Settlement date June 13, 2017

Issue 4.00% April 25, 2047

Amount on offer (*) 3 bln

Bids received 347 mln

Bids accepted 127 mln

Bid-to-cover ratio 2.73 (1.21)

Uniform yield 3.508% (4.257%)

Uniform price 10.89

Settlement date June 13, 2017

NOTE: (*) The offer volume refers to the bonds together.

-Write to Karen Hage at karen.hage@wsj.com

(END) Dow Jones Newswires

June 09, 2017 06:19 ET (10:19 GMT)