By Christine Van Dusen
Atlanta, Jan. 26 - Poland priced a $1 billion tap of its existing 5% notes due March 23, 2022 (A2/A-/A-) at 100.781 to yield 4.901%, or Treasuries plus 295 basis points, a market source said.
The notes priced at the low end of talk, set at Treasuries plus 295 bps to 300 bps.
Citigroup, Deutsche Bank and HSBC were the bookrunners for the Securities and Exchange Commission-registered deal.
Proceeds will be used for budget borrowing requirements and for general financing purposes.
The original issue totaled $2 billion and priced on Nov. 3, 2011.
| Issuer: | Poland
|
| Amount: | $1 billion
|
| Maturity: | March 23, 2022
|
| Description: | Notes
|
| Bookrunners: | Citigroup, Deutsche Bank, HSBC
|
| Coupon: | 5%
|
| Price: | 100.781
|
| Yield: | 4.901%
|
| Spread: | Treasuries plus 295 bps
|
| Trade date: | Jan. 26
|
| Settlement date: | Feb. 2
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A-
|
| Fitch: A-
|
| Distribution: | Securities and Exchange Commission registered
|
| Price talk: | Treasuries plus 295 bps to 300 bps
|
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