New Draft Polish Law On Bonds

The Polish parliament is working on a new law on bonds that could make obtaining capital market financing in Poland easier.

The debt securities market in Poland

According to the draft assumptions, the new law on bonds should ease growth and support development of the long-term non-treasury debt securities market in Poland. It should also boost the confidence and safety of the market by removing certain doubts about the interpretation of the existing law on bonds.

Currently in Poland the long-term non-treasury debt securities market is inadequately developed, especially in comparison to well-established traditional bank loan and stock markets. This in particular relates to non-financial companies' bonds. The goal of the new law is to support development of the bonds market in Poland and to make it a complementary source of financing in relation to the bank loan market.