Published: January 21, 2010
Government could return to international debt markets in Q1.
Poland’s government will return to the international debt markets, possibly within the next two months, its public debt director has told emeafinance.
Piotr Marczak, director of the public debt department in Poland’s Ministry of Finance, said the government plans to issue US dollar bonds following its €3bn bond issue in early January. This could happen within the first quarter of the year.
“This year we can also issue CHF and JPY bonds,” Marczak added. “Nevertheless, we are also open to private placement bond issues in various currencies if they can be launched at attractive levels for us.”
Marczak said that the Eurobond issue, together with the country’s remaining foreign currency funds from 2009, exceed Poland’s borrowing requirements this year. “It means that next bond issues on foreign markets will decrease the amount of issues on our domestic market,” he said.