New Issue: Poland sells €1 billion 1 5/8% notes due 2019 at mid-swaps plus 65 bps

By Christine Van Dusen

Atlanta, Jan. 8 - Poland priced a €1 billion issue of 1 5/8% notes due Jan. 15, 2019 (A2/A-/A-) at 99.547 to yield 1.705%, or mid-swaps plus 65 basis points, a market source said.

The notes priced at the tight end of talk, set at the 65 bps to 70 bps area.

BNP Paribas, Deutsche Bank, HSBC and Unicredit were the bookrunners for the Regulation S deal.

Issuer:	Poland
Amount:	€1 billion
Maturity:	Jan. 15, 2019
Description:	Notes
Bookrunners:	BNP Paribas, Deutsche Bank, HSBC, Unicredit
Coupon:	1 5/8%
Price:	99.547
Yield:	1.705%
Spread:	Mid-swaps plus 65 bps
Trade date:	Jan. 8
Settlement date:	Jan. 15
Ratings:	Moody's: A2
	Standard & Poor's: A-
	Fitch: A-
Distribution:	Regulation S
Price talk:	Mid-swaps plus 65 to 70 bps area

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