The Ministry of Finance sold to investors 3-year debt securities for 580 million CHF. Yields amounted to minus 0.213 percent. This means that the buyer pays for the opportunity to purchase bonds more than a obtain from the seller for the reimbursement of borrowed capital and interest him.
If you sold today Polish Treasury bonds the state budget will receive about 3.7 million CHF (14 million zł) give more than three years and not pay any interest at the same time.
the joy of success did not hide Mateusz Szczurek, Minister of Finance, which boasted that he had joined the world’s elite.
– Only countries with the highest credit rating, investors are willing to pay for it to be able to have their bonds, as the safest form of storage capital – said the head of the Ministry of Finance
This year, the art of sales in Europe, the debt of the negative profitability succeeded only Germany, Swedes, Austrians, Dutch, French and Belgians. Only that they emitted treasury securities in euros. On the Swiss market only the local government and individual institutions of this country found buyers for bonds with a negative profitability.
– The transaction is the largest issue of bonds with negative profitability made in the Swiss market outside the emissions from the Swiss government – said Mateusz Szczurek.
Interestingly most willing to purchase from the finance ministry in Helvetian currency debt was in our country. Bonds purchased by investors from the Polish accounted for nearly 47 per cent. emissions, from Germany 34 percent. and Switzerland 19 percent.
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