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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
Amount:€750 million
Maturity:Jan. 18, 2036
Description:Notes
Bookrunners:HSBC, Citigroup, ING, Societe Generale, Unicredit
Coupon:2 3/8%
Spread:Mid-swaps plus 125 bps
Trade date:April 13
Settlement date:April 18
Distribution:Regulation S
Price talk:Mid-swaps plus 135 bps area

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