Poland sells EUR 3bn worth of 15-year benchmark eurobonds.

By bne IntelliNews January 13, 2010
Poland has priced 15-year eurobonds for a nominal amount of EUR 3bn, the finance ministry has announced, confirming earlier media reports. According to IFR Markets service, investors placed demand for EUR 6bn of these papers. The bond maturing on Jan 20, 2025 yields 5.369%, which is 148bps over mid-swap rate. The annual coupon has been set at 5.25%, the ministry's release reads. The bonds were placed among fund managers, insurance companies, banks and pension funds mainly from Germany, United Kingdom, Poland, France and Italy (in total 370 investors from 34 countries). The lead managers on the transaction are HSBC, ING, SG CIB and Unicredit. The current eurobond issue featured the longest maturity papers since January, 2007. ISB

Related Articles

EC refers Poland to court for delay on renewable energy rules.

The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more

ZEW Economic Sentiment Indicator for Poland surges to 42.9pts in February.

The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more

FinMin: Poland to inject EUR 5.5bn of FX reserves to ECB upon euro-zone entry.

When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335