Poland to finish offering in September

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Poland to finish offering in September

September USD 1-1.5bn bond issue to be last offer on foreign markets in 2005

 The issue of USD 1.0-1.5bn worth of bonds, planned for September, would likely be the last foreign market offer thisyear, said Pawel Kowalewski, director of the finance ministry's financial liabilities department.

By the end of this week, the ministry plans to reveal the names of two banks-managers of the September issue.

This year, the ministry has also sold Eurobonds with a total value of EUR 4.5bn in two tranches, as well as JPY 75bn worth of 7-year bonds on the Japanese market and bonds denominated in Swiss francs: 10-year bonds worth CHF 600mn, and 5-year bonds worth 400mn.

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