Poland Trims Auction Offer in Post-Election Test for Bond Market

Updated on
  • Poland cuts maximum offer to 8 billion zloty from 10 billion
  • Opposition Law & Justice won majority in parliament on Sunday

Poland decided to test investor appetite for zloty-denominated government bonds by going ahead with this week’s auction in the wake of the nation’s general election. To help ensure the sale succeeds, it cut the maximum amount offered by 20 percent.

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