New Issue: Poland sells €1 billion 4% notes due 2021 at mid-swaps plus 120 bps

By Christine Van Dusen

Atlanta, Sept. 16 - The Republic of Poland priced €1 billion 4% notes due March 23, 2021 (A2/A-/A-) at 99.884 to yield 4.016%, or mid-swaps plus 120 basis points, a market source said.

Barclays and ING were the bookrunners for the deal.

Issuer:	Republic of Poland
Amount:	€1 billion
Maturity:	March 23, 2021
Bookrunners:	Barclays, ING
Coupon:	4%
Price:	99.884
Yield:	4.016%
Spread:	Mid-swaps plus 120 bps
Trade date:	Sept. 16
Settlement date:	Sept. 23
Ratings:	Moody's: A2
	Standard & Poor's: A-
	Fitch: A-

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