Poland talks 5 1/8% 10-year notes at Treasuries plus 170-175 bps

By Christine Van Dusen

Atlanta, June 7 - The Republic of Poland set price talk for a planned tap of its 5 1/8% senior notes due April 21, 2021 (A2/A-/A-) at Treasuries plus 170 to 175 basis points, a market source said.

The Securities and Exchange Commission-registered notes will settle on June 14.

The original issue totaled $1 billion and priced on April 14 at 98.831 to yield 5.277%, or 170 bps over mid-swaps.

Citigroup, Goldman Sachs and RBS were the bookrunners for the notes, the proceeds of which were to be used for general governmental purposes and to finance borrowing requirements.

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