The Polish Treasury raised €1.7bn from the bond sale it held Wednesday, breaking a 1-week losing streak. Foreign investors are regaining their confidence in the Polish securities market, the daily Puls Biznesu points out.
“It was a very successful tender. Although the beginning of the year turned out to be rough for Polish bonds, yesterday’s auction proves that the bond market is on the rise,” said Arkadiusz Urbański of Peako. “The demand of €1.7bn proves investor are interested in Polish debt.”
In an effort to take advantage of the current sentiment on the bond market, the government has already held three bond sales this month. “The first one was a slip, but the market has already returned to the levels seen at the end of 2012,” said Urbański.
According to Puls Biznesu, Poland issued $12.1bn in debt bonds last year, coming in second behind China on the global list.
