By Christine Van Dusen
Atlanta, Feb. 7 - Poland's Polskie Gornictwo Naftowe i Gazownictwo SA (PGNiG) priced a €500 million issue of 4% notes due Feb. 14, 2017 (Baa1) at 99.565 to yield mid-swaps plus 250 basis points, a market source said.
The notes priced at the low end of talk, set at mid-swaps plus 250 bps to 260 bps.
BNP Paribas, Societe Generale and Unicredit were the bookrunners for the deal.
PGNiG is a Warsaw-based oil and natural gas company.
| Issuer: | Polskie Gornictwo Naftowe i Gazownictwo SA (PGNiG)
|
| Amount: | €500 million
|
| Maturity: | Feb. 14, 2017
|
| Description: | Senior notes
|
| Bookrunners: | BNP Paribas, Societe Generale, Unicredit
|
| Coupon: | 4%
|
| Price: | 99.565
|
| Spread: | Mid-swaps plus 250 bps
|
| Trade date: | Feb. 7
|
| Settlement date: | Feb. 14
|
| Rating: | Moody's: Baa1
|
| Price talk: | Mid-swaps plus 250 bps to 260 bps
|
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