General assumptions:

1. 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. 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:

six auctions, total supply PLN 40.0-55.0 bn, the structure of the sold T-bonds will be subject to the market situation,

• switch auctions:

three auctions - securities offered to repurchase will be T-bonds maturing in 2024 and in 2025.

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,
• possible loans from International Financial Institutions up to EUR 0.4 bn,
• possible loans from Recovery and Resilience Facility.