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Published on 6/13/2008 in the Prospect News Emerging Markets Daily.

New Issue: Poland prices €2 billion 10-year 5 5/8% bonds at mid-swaps plus 60 bps

By Aaron Hochman-Zimmerman

New York, June 13 - The Republic of Poland (A2/A-/A-) priced a €2 billion 10-year bond at a spread of mid-swaps plus 60 basis points, according to a source familiar with the deal.

The spread matched talk of mid-swaps plus 60 bps.

The 5 5/8% bonds priced at 99.865.

ABN Amro, Citigroup and HSBC acted as bookrunners for the deal.

Issuer:Republic of Poland
Amount:€2 billion
Issue:10-year bonds
Maturity:2018
Coupon:5 5/8%
Price:99.865
Spread:Mid-swaps plus 60 bps
Bookrunners:ABN Amro, Citigroup, HSBC
Pricing date:June 13
Settlement date:June 20
Ratings:Moody's: A2
Standard & Poor's: A-
Fitch: A-
Price talk: Mid-swaps plus 60 bps

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