New Issue: Poland prices €1.75 billion 3 3/8% notes due 2024 to yield mid-swaps plus 143 bps

By Christine Van Dusen

Atlanta, Oct. 2 - Poland priced a €1.75 billion issue of notes due July 9, 2024 (A2/A-/A-) at par to yield 3 3/8%, or mid-swaps plus 143 basis points, a market source said.

The notes priced in line with talk, which was set at the mid-swaps plus 145 bps area.

Commerzbank, HSBC, ING and Societe Generale were the bookrunners for the Regulation S deal.

At midday on Tuesday, the books were more than €3.3 billion with 225 accounts involved.

Issuer:	Poland
Amount:	€1.75 billion
Maturity:	July 9, 2024
Description:	Notes
Bookrunners:	Commerzbank, HSBC, ING, Societe Generale
Coupon:	3 3/8%
Price:	Par
Yield:	3 3/8%
Spread:	Mid-swaps plus 143 bps
Trade date:	Oct. 2
Settlement date:	Oct. 9
Ratings:	Moody's: A2
	Standard & Poor's: A-
	Fitch: A-
Distribution:	Regulation S
Price talk:	Mid-swaps plus 145 bps area

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