New Issue: Poland sells €750 million increase of 3 3/8% notes due 2024 at mid-swaps plus 135 bps

By Christine Van Dusen

Atlanta, Nov. 19 - Poland priced a €750 million increase of its existing 3 3/8% notes due July 9, 2024 (A2/A-/A-) at 101.583 to yield 3.21%, or mid-swaps plus 135 basis points, a market source said.

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

The original issue of €1.75 billion notes priced in October at par to yield 3 3/8%, or mid-swaps plus 143 bps, in line with talk.

Issuer:	Poland
Amount:	€750 million
Maturity:	July 9, 2024
Description:	Notes
Bookrunners:	Commerzbank, HSBC, ING, Societe Generale
Coupon:	3 3/8%
Price:	101.583
Yield:	3.21%
Spread:	Mid-swaps plus 135 bps
Trade date:	Nov. 19
Settlement date:	Nov. 26
Ratings:	Moody's: A2
	Standard & Poor's: A-
	Fitch: A-
Distribution:	Regulation S

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