The Polish Ministry of Finance has announced plans to issue yen-denominated benchmark bonds. The mandate for organizing the issuance has been granted to Mitsubishi UFJ Morgan Stanley, Nomura, and SMBC banks, according to a statement released on Monday.
The ministry clarified that the timing of the bond issuance would depend on prevailing market conditions.
This move comes as Poland faces increased borrowing needs for 2024, with net budget borrowing requirements projected to reach PLN 308.57 billion following a budget revision, compared to the initially planned PLN 252.3 billion.
The decision highlights Poland’s efforts to diversify its funding sources while navigating dynamic market conditions.