Published on 8/26/2016 in the Prospect News Emerging Markets Daily.
New Issue: Poland prices RMB 3 billion 3.4% two-year panda bonds at par
By Christine Van Dusen
Atlanta, Aug. 26 – Poland priced RMB 3 billion two-year panda bonds at par to yield 3.4% on Thursday, according to an announcement from the sovereign.
The notes were talked in the 3% area.
Bank of China and HSBC were the joint lead underwriters.
Issuer: | Poland
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Amount: | RMB 3 billion
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Maturity: | Aug. 26, 2018
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Description: | Panda bonds
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Bookrunners: | Bank of China, HSBC
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Coupon: | 3.4%
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Price: | Par
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Yield: | 3.4%
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Trade date: | Aug. 25
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Settlement date: | Aug. 26
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Price talk: | 3% area
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