New Issue: Poland prices €1 billion 7/8% notes due 2027 at 35 bps over mid-swaps

By Christine Van Dusen

Atlanta, March 31 – Poland sold €1 billion 7/8% notes due May 10, 2027 (A2/A-/A-) at 98.336 to yield 1.022%, or mid-swaps plus 35 basis points, a market source said.

The notes were talked at a spread of 35 bps to 40 bps.

Barclays, Citigroup, Santander and Societe Generale were the bookrunners for the Regulation S deal.

Issuer:	Poland
Amount:	€1 billion
Maturity:	May 10, 2027
Description:	Notes
Bookrunners:	Barclays, Citigroup, Santander, Societe Generale
Coupon:	7/8%
Price:	98.336
Yield:	1.022%
Spread:	Mid-swaps plus 35 bps
Trade date:	March 30
Settlement date:	April 7
Ratings:	Moody’s: A2
	Standard & Poor’s: A-
	Fitch: A-
Distribution:	Regulation S
Price talk:	Mid-swaps plus 35 bps to 40 bps

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