I.   T-bonds issuance calendar

1. 1. 1. The issuance plan for 2023 assumes two T-bond auctions per month (sale or switch auction, subject to the budget and market situation) with the exception of December when only one auction is planned.
      2. The issuance calendar takes into account the Monetary Policy Council (MPC), ECB and Fed meetings as well as bonds redemption dates.
      3. The settlement dates for the T-bond sale auctions and the T-bond switching auctions will be set using T+2 convention.
      4. The T-bonds issuance calendar for 2023, taking into account the above assumptions, is as follows:

	Day of the month
	T-bonds issuance calendar
	1st auction	2nd auction
I	11 Wed	23 Mon
II	14 Tue	23 Thu
III	14 Tue	29 Wed
IV	13 Thu	21 Fri
V	16 Tue	25 Thu
VI	16 Fri	28 Wed
VII	11 Tue	21 Fri
VIII	03 Thu	23 Wed
IX	12 Tue	27 Wed
X	10 Tue	23 Mon
XI	15 Wed	28 Tue
XII	12 Tue

 

1. 1. 5. Modifications to the presented calendar, in particular cancellation of auctions, are possible subject to market situation. Detailed information will be presented in the quarterly and monthly issuance plans.

 

II. T-bills issuance calendar

1. The issuance of the T-bills will be held depending on the budget and market situation.
2. The T-bill auctions will be held irregularly, depending on the needs (they can be held on any working day of the week).
3. The settlement dates for the T-bill auctions will be set using T+2 convention.
4. Detailed information on the T-bill auctions will be presented in the quarterly and monthly issuance plans.