Poland lowers interest rates on retail bonds by 25 bps in November offer
In November, Poland's Ministry of Finance will lower interest rates on retail bonds with maturities ranging from 1 to 12 years, leaving the yield on 3-month securities unchanged, according to information from the ministry.
The interest rate on 3-month fixed-rate bonds remains unchanged at 2.75 percent.
The interest rates on other securities have been lowered by 25 basis points.
The coupon on 1-year bonds with a variable interest rate based on the NBP reference rate will be 4.50 percent, and on 2-year bonds 4.65 percent in the first monthly interest period.
Three-year bonds will bear interest of 4.90 percent.
Other bonds will bear interest in the first annual interest period of 5.25 percent for four-year bonds and 5.75 percent for ten-year bonds.
6-year and 12-year family bonds intended for beneficiaries of the 'Family 800 plus' state-subsidised family support programme will bear interest of 5.45 percent and 6.00 percent in the first annual interest period.
In October, Poland's Monetary Policy Council lowered interest rates by 25 basis points to 4.50 percent in the case of the central bank reference rate.
tus/ han/ ao/