Poland offers T-bills first time since Covid-19 to shore up budget

Poland is selling T-bills for the first time in more than four years to help meet record government borrowing needs by tapping into the banking sector’s ample short-term liquidity.

The Finance Ministry plans to raise as much as 6 billion zloty ($1.97 billion) in 45-week securities at an auction on Monday, departing from its policy of issuing only longer-term bonds for the first time since the Covid-19 pandemic. The deadline for investors to place bids is 11am in Warsaw.