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Published on 6/27/2011 in the Prospect News Emerging Markets Daily.

New Issue: Poland prices ¥10 billion add-on to 3% notes due 2026 at par

By Angela McDaniels

Tacoma, Wash., June 27 - The Republic of Poland reopened its Japanese yen-denominated 3% notes due Jan. 26, 2026 to issue another ¥10 billion, increasing the issue size to ¥28 billion.

The reopening yield was 3%, the same as the original issue on Jan. 26, according to a news release.

Nomura International plc was the lead manager.

The notes were issued under Poland's euro medium-term note program.

Issuer:Republic of Poland
Issue:Notes
Amount:¥28 billion, including ¥10 billion add-on
Maturity:Jan. 26, 2026
Bookrunner:Nomura International plc
Coupon:3%
Price:Par
Yield:3%
Settlement dates:Jan. 26 for ¥18 billion; June 27 for ¥10 billion

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