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7 months ago
Poland to sell bonds due Apr 2019 at switch tender on Thursday
December 13, 2016 / 2:03 PM / 7 months ago

Poland to sell bonds due Apr 2019 at switch tender on Thursday

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WARSAW, Dec 13 (Reuters) - Poland will offer to sell zero-coupon bonds due April 2019 at a switch tender on Thursday, the finance ministry said in a statement on Tuesday.

The ministry said that it would sell the bonds in exchange for papers due January, April and October next year.

Switch tenders are non-cash operations, at which the finance ministry exchanges papers nearing their maturity for those with a longer one.

Reporting by Marcin Goettig

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