New Issue: Poland prices €1.5 billion 3¾% notes due 2023 at mid-swaps plus 195 bps

By Christine Van Dusen

Atlanta, June 11 - The Republic of Poland priced a €1.5 billion issue of 3¾% notes due Jan. 19, 2023 (A2/A-/A-) at 99.810 to yield mid-swaps plus 195 basis points, a market source said.

Barclays Capital, Citigroup, Erste Group and ING were the bookrunners for the Regulation S deal.

Proceeds will be used to finance the country's budget borrowing requirements or for general financing purposes.

Issuer:	The Republic of Poland
Amount:	€1.5 billion
Maturity:	Jan. 19, 2023
Description:	Notes
Coupon:	3¾%
Price:	99.810
Spread:	Mid-swaps plus 195 bps
Bookrunners:	Barclays Capital, Citigroup, Erste Group, ING
Trade date:	June 11
Settlement date:	June 18
Ratings:	Moody's: A2
	Standard & Poor's: A-
	Fitch: A-
Distribution:	Regulation S

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