I.   T-bonds issuance calendar

1. 1. 1. The issuance plan for 2022 assumes two T-bond auctions per month (sale or switch auction, subject to the budget and market situation) with the exception of December when only one auction is planned.
      2. T-bond auctions are scheduled for Thursdays, except for the auctions on: 11 February, 11 March, 10 June and 16 December (auctions on Fridays), 12 April, 27 September
         and 11 October (auctions on Tuesdays) and 23 November (auction on Wednesday).
         The issuance calendar takes into account the Monetary Policy Council (MPC), ECB and Fed meetings as well as bonds redemption dates.
      3. The settlement dates for the T-bond sale auctions and the T-bond switching auctions will be set using T+2 convention.
      4. The T-bonds issuance calendar for 2022, taking into account the above assumptions,
         is as follows:
          

         	Day of the month
         	T-bonds issuance calendar
         	1st auction	2nd auction
         I	13 Thu	27 Thu
         II	11 Fri	24 Thu
         III	11 Fri	24 Thu
         IV	12 Tue	21 Thu
         V	12 Thu	26 Thu
         VI	10 Fri	23 Thu
         VII	14 Thu	28 Thu
         VIII	11 Thu	25 Thu
         IX	15 Thu	27 Tue
         X	11 Tue	20 Thu
         XI	3 Thu	23 Wed
         XII	16 Fri

2. 1. 5. Modifications to the presented calendar, in particular cancellation of auctions,
         are possible subject to market situation. Detailed information will be presented
         in the quarterly and monthly issuance plans.

 

II. T-bills issuance calendar

1. The issuance of the T-bills will be held depending on the budget and market situation.
2. The T-bill auctions will be held irregularly, depending on the needs (they can be held
   on any working day of the week).
3. The settlement dates for the T-bill auctions will be set using T+2 convention.
4. Detailed information on the T-bill auctions will be presented in the quarterly and monthly issuance plans.