Fitch rates Poland's USD1bn 2021 bonds A-.

By bne IntelliNews April 21, 2011
Fitch Ratings has assigned Poland's USD1bn global notes, due Apr 21, 2021 a rating of A-. The rating is in line with Poland's 'A-' Long-term foreign currency issuer default rating (IDR), the agency has announced. Fitch affirmed Poland's long-term foreign currency IDR with a stable outlook on Mar 18, 2011. The finance ministry said on Friday that it had priced a 10-year USD denominated benchmark bond for a nominal amount of USD 1bn. The bond maturing on Apr 21, 2021 yields 5.277%, which is 170 basis points over mid-swap rate. The coupon has been set at 5.125%. The bonds were allocated to investors from the United States (54%), Europe (30%), Asia (11%) and Poland (5%). ISB

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