Published on 4/1/2005 in the Prospect News Emerging Markets Daily.
New Issue: Poland reopens bonds due 2020 to add €1.5 billion
By Reshmi Basu
New York, April 1 - The Republic of Poland reopened its bonds due 2020 Thursday to add €1.5 billion, said a market source.
The reopening priced at 99.221 for a spread of 37.8 basis points more than government bonds.
BNP Paribas, Citigroup and Dresdner Kleinwort Wasserstein managed the sale of sovereign bonds.
Proceeds will be used to repay Paris Club debt.
| Issuer: | Republic of Poland
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| Amount: | €1.5 billion
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| Issue: | Reopening of April 2020 bonds
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| Maturity: | April 15, 2020
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| Coupon: | 4.2%
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| Issue price: | 99.221
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| Spread: | 37.8 basis points
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| Pricing date: | March 31
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| Settlement date: | April 6
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| Managers: | BNP Paribas, Citigroup, Dresdner Kleinwort Wasserstein
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