Poland sells 5-year bonds for CHF 350mn to Swiss investors.

By bne IntelliNews February 8, 2011
The finance ministry has sold 5-year Swiss franc denominated bond for the nominal amount of CHF 350mn, the ministry has announced. The bond, maturing on Feb 25, 2016, yields 2.853%, which is 130 bps over mid-swap rate. The annual coupon has been set at 2.75%. The bonds were placed among diversification group of investors solely from Switzerland, the release reads. The issue was executed under Republic of Poland's Euro Medium Term Note (EMTN) programme. The lead managers on the transaction are BNP Paribas and Credit Suisse, the ministry also said. So far this year, Poland sold EUR 1.0bn of eurobonds and JPY 18bn worth of Samurai bonds. Meanwhile, deputy finance minister Dominik Radziwill has told the Polish Press Agency that the ministry would like to enter the US market with a bond offer shortly. ISB, tom

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