Thursday, 22 January 2009

Poland Sells 1.5 Billion Euros in Five-Year Bonds

Poland became the latest emerging-market nation to offer bonds this month. Here are the details of the transaction:

- ISSUER: REPUBLIC OF POLAND
- RATINGS: A2/A-/A-
- BOOKRUNNERS: CITIGROUP INC. / ING BANK NV /SOCIETE GENERALE
- SIZE: 1 BILLION EUROS
- MATURITY: 3 FEB., 2014
- COUPON: 5.875% ANNUAL (LONG FIRST TO 3 FEB., 2010)

- SPREAD: MID SWAP RATE +300 BPS / DBR 1/14 +363.4 BPS

- REOFFER PRICING: 99.725%

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