Treasury bonds are a form of interest free loan, that is raised by Polish government from the private persons. Treasury bonds can be purchased by foreigners having resident status:
- Two-year saving bonds (of a constant interest)
- Four-year saving bonds (of a variable interest dependent on inflation)
Purchase of market bonds is available for both residents and non-residents that are natural persons, legal persons or do not have legal personality (apart from financial institutions like: banks, investment funds, insurance companies, pension funds etc).
- Three-year market bonds (of a variable interest, calculated and paid every 6 months)
- Five-year market bonds )of a constant interest, paid every year).
Bond market, the 3 - and 5-year-old can be sold earlier on the Stock Exchange. In contrast, savings bonds, (2 -, 4 -, and 10-year) may have the option of early redemption by the Issuer. In addition, both the savings bonds and the market can be disposed of under a contract of sale or donation.
Sale of saving bonds is possible after their reporting to a pre-term buy-out. Then, 1 PLN is taken from interest of every bond. It is also possible to sale bonds on the basis of a civil-legal contract and then there is an exemption of the stamp duty.
After the expiry of bonds term, the Treasury buys them out and pays interest.
The easiest way of purchasing bonds is to go, to call or access on line one of the offices of the PKO BP bank.
