By Reshmi Basu
New York, May 17 - The Republic of Poland retapped its 4.20% bonds due April 2020 (A2/BBB+/A-) to add €750 million, according to a market source.
The retap, increased from €500 million, priced at 102.643 to yield a spread of mid-swaps plus 22 basis points. This brings the total size of the deal to €5.25 billion.
BNP Paribas, Citigroup and Dresdner Kleinwort Wasserstein were the lead managers for the reopening.
Part of the proceeds from the sale will be used to finance the repayment of Poland's Paris Club debt.
| Issuer: | Republic of Poland
|
| Amount: | €750 million
|
| Issue: | Reopening of 4.20% bonds due 2020
|
| Total size: | €5.25 billion
|
| Maturity: | April 15, 2020
|
| Coupon: | 4.20%
|
| Issue price: | 102.643
|
| Yield: | Mid-swaps plus 22 basis points
|
| Pricing date: | May 17
|
| Settlement date: | May 24
|
| Lead managers: | BNP Paribas, Citigroup, Dresdner Kleinwort Wasserstein
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: BBB+
|
| Fitch: A-
|
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