Poland will reduce the size of a January 22 bond auction if investors take up all the bonds offered at a tender this week, the head of the finance ministry's public debt department said on Tuesday. The finance ministry had earlier said it would offer between 3.0 and 5.0 billion zlotys of bonds maturing in January 2024, July 2025 and April 2028 at a tender on Thursday - more than the 2.0-4.0 billion zlotys originally planned.
If all the bonds are taken up, the next auction size will be reduced by a similar amount, Piotr Marczak said. "In a response to the demand for bonds offered at Thursday's tender we've decided to increase supply to 3-5 billion zlotys, or by 1 billion zlotys," Marczak said in an emailed comment. "If the entire pool is sold, the supply on the following tender, on January 22, will be limited ... to a maximum of 8 billion zlotys ($2.20 billion)."
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