I.   T-bonds issuance calendar

1. 1. 1. The issuance plan for 2026 assumes three T-bond auctions per month (sale or switch auction, subject to the budget and market situation) with the exception of December when two auctions are planned.
      2. The issuance calendar takes into account the Monetary Policy Council (MPC) meetings as well as redemption of Treasury bonds.
      3. The T-bonds issuance calendar for 2026, taking into account the above assumptions, is as follows:

 

	Day of the month
	T-bonds issuance calendar
	1st auction	2nd auction	3rd auction
I	09 Fri	22 Thu	28 Wed
II	11 Wed	18 Wed	25 Wed
III	11 Wed	18 Wed	25 Wed
IV	15 Wed	23 Thu	28 Tue
V	13 Wed	21 Thu	27 Wed
VI	03 Wed	17 Wed	24 Wed
VII	15 Wed	23 Thu	29 Wed
VIII	12 Wed	19 Wed	26 Wed
IX	09 Wed	16 Wed	23 Wed
X	14 Wed	22 Thu	28 Wed
XI	12 Thu	18 Wed	25 Wed
XII	09 Wed	16 Wed

 

1. 1. 4. 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 depending on the needs and the preferred days for the auctions will be Fridays.
3. Detailed information on the T-bill auctions will be presented in the monthly issuance plans.