Fitch rates Poland's EUR750m 2024 eurobond tap 'A-'.

By bne IntelliNews November 22, 2012
Fitch Ratings has assigned Poland's EUR750m tap of its eurobond (due on Jul 9 of 2024) a 'A-' rating, according to the agency's press release. The tap brings the total outstanding size of the issue to EUR2.5bn (including the October tranche). The bond has a coupon of 3.375%. The rating is in line with Poland's 'A-' Long-term foreign currency Issuer Default Rating (IDR), on which the Outlook is Stable. After placing EUR 1.75bn worth of 12-year eurobonds in early October (with demand at EUR 3.50bn and yield of 3.385%), the ministry of finance said it completed financing this year's borrowing needs.
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