The total value of bonds sold in August reached nearly PLN 11 billion, pushing 2024 sales above the PLN 61 billion (EUR 14.3 billion, USD 15.9 billion) mark.
To compare, savings bond sales in 2023 amounted to PLN 49 billion, while the previous record, set in 2022, was just over PLN 57 billion.
Drop commented on the strong demand for retail bonds, saying: "The enormous interest in government savings bonds reflects the high level of trust from our clients, who can safely and profitably grow their savings."
The Ministry of Finance said that the most popular bonds were the three-year bonds, known as TOS. Individual buyers invested over PLN 4.7 billion in these bonds, representing 43 percent of total sales.
One-year bonds, or ROR, followed with sales amounting to PLN 2.28 billion, or 21 percent of the total.
Four-year bonds, called COI, accounted for 19 percent of total sales, with buyers purchasing PLN 2.1 billion worth.
Ten-year bonds (EDO) made up 8 percent of the market at PLN 888 million, two-year bonds (DOR) comprised 7 percent with sales exceeding PLN 745 million, and three-month bonds (OTS) brought in PLN 114 million, representing just 1 percent of the total.
Additionally, the ministry reported that close to PLN 102 million was allocated to family bonds, which are available exclusively to beneficiaries of the Family 800+ program.
These bonds are designed to help families save for their children's future.
The amount of family bonds that can be purchased is capped by the value of the welfare benefits the family receives under the program. These bonds are available for continuous purchase.
The ministry also said that sales through rollover—where existing bonds are exchanged for new ones at discounted prices—approached PLN 1.3 billion in August.
Many customers who initially purchased retail bonds continue to invest through these exchanges, according to Drop.
From June to August, the ministry offered a special promotional rate for bond swaps, resulting in sales of almost PLN 5.4 billion over the three-month period.
All types of bonds can be purchased at branches of PKO Bank Polski and its brokerage service points, as well as through the Bank Pekao bond sales network.
Bonds are also available online through the websites zakup.obligacjeskarbowe.pl and pekao.com.pl/obligacje-skarbowe, and via the PeoPay mobile app.
(rt/gs)
Source: PAP
