New Issue: Poland sells €2 billion 0% three-year notes at mid-swaps plus 29 bps

By Rebecca Melvin

New York, June 30 – The Republic of Poland, represented by its Minister of Finance, priced €2 billion of 0% three-year notes at 100.331 to yield minus 0.11%, or mid-swaps plus 29 basis points, according to a market source.

Pricing was tightened from initial talk at mid-swaps plus high 30 bps.

The Regulation S notes were sold via bookrunners BNP Paribas, Citigroup, Goldman Sachs International, HSBC, Pro BP and Societe Generale.

Issuer:	Poland
Issue:	Global notes
Amount:	€2 billion
Maturity:	July 7, 2023
Joint lead managers:	BNP Paribas, Citigroup, Goldman Sachs International, HSBC, Pro BP and Societe Generale
Coupon:	0%
Price:	100.331
Yield:	Minus 0.11%
Spread:	Mid-swaps plus 29 bps
Pricing date:	June 30
Settlement date:	July 7
Distribution:	Regulation S
Price talk:	Mid-swaps plus high 30 bps

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