Published on 4/13/2016 in the Prospect News Emerging Markets Daily.
New Issue: Poland prices €750 million tap of 2 3/8% notes due 2036 at mid-swaps plus 125 bps
By Christine Van Dusen
Atlanta, April 13 – Poland priced a €750 million tap of its 2 3/8% notes due Jan. 18, 2036 at mid-swaps plus 125 basis points on Wednesday, according to an announcement from the sovereign.
The notes were initially talked at a spread in the 135 bps area.
HSBC, Citigroup, ING, Societe Generale and Unicredit were the bookrunners for the Regulation S deal.
The deal attracted an order book of €1.1 billion.
Issuer: | Poland
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Amount: | €750 million
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Maturity: | Jan. 18, 2036
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Description: | Notes
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Bookrunners: | HSBC, Citigroup, ING, Societe Generale, Unicredit
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Coupon: | 2 3/8%
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Spread: | Mid-swaps plus 125 bps
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Trade date: | April 13
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Settlement date: | April 18
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Distribution: | Regulation S
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Price talk: | Mid-swaps plus 135 bps area
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