Poland plans to sell up to $1.5 billion 10-year bonds, seen at Treasuries plus 300 bps area

By Aaron Hochman-Zimmerman

New York, July 6 - Poland was expected to price up to $1.5 billion of 10-year senior unsecured bonds (A2/A-/A-) in the Treasuries plus 300 basis point area, a market source said.

Barclays, Citigroup and HSBC are bookrunners for the Securities and Exchange Commission-registered deal.

Proceeds from the sale will be used for general budgetary purposes.

On Jan. 22, Poland priced a €1 billion five-year bond at mid-swaps plus 300 bps.

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