The retail bonds offered by The Ministry of Finance first of all are dedicated for the individual investor (resident and non-resident)  but it could have been purchased also by associations, foundations and another social organisations. The main objective of the retail instruments is co-financing of the borrowing needs of the State budget.

The retail bonds are offered in the retail network, organised by the issue agents - PKO Bank Polski S.A. and Bank Pekao S.A.
Currently, The Ministry of Finance offered the following instruments to individual investors:

- 3-month fixed rate savings bonds (OTS series),
- 1-year floating rate savings bonds (ROR series),
- 2-year floating rate savings bonds (DOR series),
- 3-year fixed rate savings bonds (TOS series),
- 4-year inflation rate indexed savings bonds (COI series),
- 10-year inflation rate indexed savings bonds (EDO series).

The face value of Treasury bonds offered to individuals is PLN 100.

Those instruments are not listed on the regulated secondary market i.e., the Stock Exchange in Warsaw but they may be offered to the issuer for redemption before their maturity date.

Sale of each series lasts for one month.

Interests on 3-month OTS are put at the investor's disposal at the redemption date. Interests on TOS and EDO accrue annually and are put at the investor's disposal at the redemption date (or pre-maturity redemption), in case of COI series is paid annually. DOR and ROR series are paid monthly.

Basic characteristic of retail TS is presented in the table below.

How to buy?

Retail bonds can be purchased through (only residents):

  - Internet www.obligacjeskarbowe.pl, 

  - Internet www.zakup.obligacjeskarbowe.pl (PKO Bank Polski S.A.),

  - Internet www.pekao.com.pl/obligacje-skarbowe (Bank Pekao S.A.),

  - telephone +48 81 535 66 55 (PKO Bank Polski S.A.).

  Retail bonds are offered in the retail network organized by the issue agents (PKO Bank Polski S.A. and Bank Pekao S.A.) in over 1000 Customer Service Outlets.