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Poles investing in T-bonds: finance ministry

PR dla Zagranicy
Grzegorz Siwicki 09.07.2018 16:55
Poland’s finance ministry says it sold nearly PLN 1.2 billion (EUR 280,000, USD 330,000) worth of Treasury bonds in June, a marked increase from prior months.
Photo: pixabay.comPhoto: pixabay.com

In each previous month this year, Poles bought PLN 850 million worth of Treasury bonds on average, public broadcaster Polish Radio’s IAR news agency reported on Monday.

It quoted a spokesman for the finance ministry, Paweł Jurek, as saying that the spike was in part due to special bonus bonds offered to buyers in June as an experiment.

These bonds mature after 10 months and each offers a chance to win a cash prize of up to PLN 10,000, Jurek told IAR.

Among other types of Treasury bonds, the finance ministry in June sold PLN 2.3 million worth of high-yield bonds specifically intended for citizens benefitting from the government’s Family 500-plus child benefit programme, Jurek said.

Such bonds, introduced in October 2016, are only available to those covered by the Family 500-plus programme, which aims to ease the burdens of child rearing for families.


Source: IAR

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