New Issue: Poland's PKO Finance sells $1 billion 4.63% 10-year notes at Treasuries plus 285 bps

By Christine Van Dusen

Atlanta, Sept. 19 - Poland's PKO Finance AB priced a $1 billion issue of 4.63% loan participation notes due Sept. 26, 2022 (A2/A-/) at par to yield 4.63%, or Treasuries plus 285 basis points, a market source said.

JPMorgan and Goldman Sachs were the bookrunners for the Rule 144A and Regulation S deal.

PKO Finance is a subsidiary of Warsaw-based Powszechna Kasa Oszczednosci Bank Polski SA.

Issuer:	PKO Finance AB
Amount:	$1 billion
Maturity:	Sept. 26, 2022
Description:	Loan participation notes
Bookrunners:	JPMorgan, Goldman Sachs
Coupon:	4.63%
Price:	Par
Yield:	4.63%
Spread:	Treasuries plus 285 bps
Trade date:	Sept. 19
Settlement date:	Sept. 26
Ratings:	Moody's: A2
	Standard & Poor's: A-
Distribution:	Rule 144A and Regulation S

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.