Published on 3/30/2016 in the Prospect News Emerging Markets Daily.
New Issue: Poland prices $1.75 billion 3¼% 10-year notes to yield Treasuries plus 150 bps
By Christine Van Dusen
Atlanta, March 30 – Poland priced $1.75 billion 3¼% 10-year notes (A2/BBB+/A-) at 99.249 to yield 3.339%, or Treasuries plus 150 basis points, on Wednesday, a market source said.
The notes were talked in the Treasuries plus 165 bps area.
Barclays, BNP Paribas, Deutsche Bank and JPMorgan were the bookrunners for the Securities and Exchange Commission-registered deal.
| Issuer: | Poland
|
| Amount: | $1.75 billion
|
| Maturity: | April 6, 2026
|
| Description: | Notes
|
| Bookrunners: | Barclays, BNP Paribas, Deutsche Bank, JPMorgan
|
| Coupon: | 3¼%
|
| Price: | 99.249
|
| Yield: | 3.339%
|
| Spread: | Treasuries plus 150 bps
|
| Trade date: | March 30
|
| Settlement date: | April 6
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: BBB+
|
| Fitch: A-
|
| Distribution: | SEC registered
|
| Price talk: | Treasuries plus 165 bps area
|
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