Bloomberg News

Poland’s 2011 Borrowing Needs Fully Financed, Marczak Says

October 28, 2011

Oct. 28 (Bloomberg) -- Poland has financed all of its borrowing needs for this year after selling $2 billion in dollar-denominated bonds yesterday and an inflow of 440 million euros ($622 million) in credit from the European Investment Bank today, said Piotr Marczak, head of the ministry’s debt management department, in an e-mailed statement.

The Polish government is now in the process of pre- financing its 2012 borrowing needs, Marczak said, adding that it plans to sell five-year zloty bonds in November.

To contact the editor responsible for this story: Katya Andrusz at kandrusz@bloomberg.net


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