Published on 1/11/2010 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Poland prices €3 billion 5¼% 15-year notes at mid-swaps plus 148 bps
By Paul A. Harris
St. Louis, Jan. 11 - Poland priced €3 billion of 5¼% 15-year bonds (A2/A-/) to yield 5.369%, or a 148 basis point spread to mid-swaps on Monday, according to market sources.
The yield came tight to the mid-swaps plus 150 bps price talk.
HSBC, ING, SG Corporate & Investment Banking and UniCredit managed the sale.
| Issuer: | Poland
|
| Amount: | €3 billion
|
| Maturity: | Jan. 20, 2025
|
| Securities: | Bonds
|
| Bookrunners: | HSBC, ING, SG Corporate & Investment Banking, UniCredit
|
| Coupon: | 5¼%
|
| Yield: | 5.369
|
| Spread: | 148 bps over mid-swaps
|
| Trade date: | Jan. 11
|
| Settlement date: | Jan. 20
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A-
|
| Price talk: | Mid-swaps plus 150 bps
|
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