Poland expected to name managers Wednesday for $1 billion to $1.5 billion of bonds

By Reshmi Basu

New York, Aug. 9 - The Republic of Poland is expected to name lead managers on Wednesday for its potential $1.0 billion to $1.5 billion bond offering, according to a market source.

Last Wednesday, Poland submitted requests for proposals.

The issue is expected to come in September.

In July, Poland issued €500 million of 50-year bonds (A2/BBB+) to yield 4.299% through a private placement. The issue matures on July 20, 2055 and bears a 4¼% coupon.

Dexia Kommunalkredit Bank, Dexia Capita Markets and HSBC were lead managers for the issue.

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