Supply of Treasury Securities in March 2025

28.02.2025

Ministry of Finance presents the supply of Treasury Securities in March 2025:

1. T-bond sale auctions

Auction date	Settlement date	Series	Planned offer (PLN m)
18-Mar-2025	20-Mar-2025	OK0127 / PS0130 / WZ0330 / DS1034 / possible T-bond of IZ type and other series	5,000-10,000
27-Mar-2025	31-Mar-2025	OK0127 / PS0130 / WZ0330 / DS1034 / possible T-bond of IZ type and other series	5,000-10,000

The final offer and the supply will be announced 2 days before the auction, taking into account the market situation and consultations with investors.
After the auction bonds will be offered within additional sale at a minimum accepted clean price.

2. T-bond switching auctions

Auction/ settlement date	Settlement T-bonds	Source T-bonds	Outstanding (PLN m)
5-Mar-2025 / 7-Mar-2025	OK0127 / PS0729 / PS0130 /WZ0330 / DS1034	PS0425	22,864
		WZ0525	18,081
		DS0725	29,494
		OK1025	23,720

3. T-bill auctions

Auction date	Settlement date	T-bill	Maturity date	Planned offer (PLN m)
7-Mar-2025	11-Mar-2025	50-week	24-Feb-2026	1,000-3,000
14-Mar-2025	18-Mar-2025	49-week	24-Feb-2026	1,000-3,000

4. Offer on the retail market

T-bond	Issue price	Coupon
OTS0625 3-month	100 PLN (100.00 PLN for rolling-over)	Fixed 3.00%
ROR0326 1-year	100.00 PLN (99.90 PLN for rolling-over)	Floating (NBP Reference rate + 0.00%), 5.75% in the first coupon period
DOR0327 2-year	100.00 PLN (99.90 PLN for rolling-over)	Floating (NBP Reference rate + 0.15%), 5.90% in the first coupon period
TOS0328 3-year	100.00 PLN (99.90 PLN for rolling-over)	Fixed 5.95%
COI0329 4-year	100.00 PLN (99.90 PLN for rolling-over)	Floating (inflation rate + 1.50%), 6.30% in the first coupon period
EDO0335 10-year	100.00 PLN (99.90 PLN for rolling-over)	Floating (inflation rate + 2.00%), 6.55% in the first coupon period
ROS0331 „family bonds” 6-year	100.00 PLN	Floating (inflation rate + 2.00%), 6.50% in the first coupon period
ROD0337 „family bonds” 12-year	100.00 PLN	Floating (inflation rate + 2,50%), 6.80% in the first coupon period

Materials

Supply of Treasury Securities in March 2025
ts_supply_03_2025.pdf 0.05MB