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Extended maturity on foreign debt


2005-07-18

Poland has issued a batch of 50-year euro bonds worth €500m. It is the first bond issue with such an extended maturity date. According to Finance Minister, Miroslaw Gronicki, the objective of the Department of Finance is to extend the average maturity date of the foreign debt gradually over time. The minister announced further issues of this type next year. He also added that the ministry will publish a new debt management strategy at the end of August.



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