General assumptions:

1. in the fourth quarter of 2021 T-bond auctions are planned according to the announced yearly issuance calendar,
2. offer of T-bonds on the domestic market will depend on the budget and market situation as well as the consultations with investors,
3. possible auctions of Treasury bills will be held within the confines of the State budget liquidity management,
4. foreign financing will be determined by the situation on the international financial market and the domestic market as well as by budget conditions,
5. the announced plan may be modified subject to the market situation.

 

1. Offer of T-bonds on the domestic market:

• sale auctions: none,
• switch auctions:

five auctions - subject to the budget and market situation – securities offered to repurchase would be T-bonds maturing in 2022.

2. Offer of T-bills

Detailed information on the offer of T-bills will be presented in the monthly issuance plans.

3. Foreign financing:

• possible issuance of bonds on the international markets,
• loans from International Financial Institutions,
• possible private placement issuance.