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Returns To Euro Bond Market After Two Years

POLAND

LOCAL NEWS

  • This week, Poland announced plans to return to the euro bond market for the first time in almost two years as borrowing costs in local currency surge (BBG)
    • EUR2bn of 10Y bonds at 110bps above midswaps
  • Development Minister Buda recently told public television that Poland expects to receive first tranche of EU recovery funds (17bn PLN) in H2.
  • Buda added that Poland is not heading for ‘stagflation’, and that price growth is fueled by war in Ukraine.

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