New Issue: Poland sells €700 million tap of 1 5/8% notes due 2019 at mid-swaps plus 43 bps

By Aleesia Forni

Virginia Beach, Oct. 17 - Poland priced a €700 million add-on to its existing 1 5/8% notes due Jan. 15, 2019 (A2/A-/A-) at 99.334 to yield 1.759%, or mid-swaps plus 43 basis points, a market source said.

The notes priced in line with guidance, which was set at Treasuries plus 40 bps to 45 bps.

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

Issuer:	Poland
Amount:	€700 million
Maturity:	Jan. 15, 2019
Description:	Add-on to 1 5/8% notes due 2019
Bookrunners:	BNP Paribas, Deutsche Bank, HSBC, Unicredit
Coupon:	1 5/8%
Price:	99.334
Yield:	1.759%
Spread:	Mid-swaps plus 43 bps
Trade date:	Oct. 17
Ratings:	Moody's: A2
	Standard & Poor's: A-
	Fitch: A-
Price talk:	Mid-swaps plus 40 bps to 45 bps
Total issue size:	€1.7 billion, including €1 billion priced on Jan. 8, 2013

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