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Published on 3/2/2011 in the Prospect News Emerging Markets Daily.

New Issue: Poland's Mazovian Railways prices €100 million 6¾% notes due 2016 to yield 6 7/8%

By Christine Van Dusen

Atlanta, March 2 - Poland's Koleje Mazowieckie (Mazovian Railways) priced €100 million 6¾% notes due March 9, 2016 (//BBB-) at 99.486 to yield 6 7/8%, a market source said.

Standard Bank was the bookrunner for the Regulation S deal.

Proceeds will be used to acquire rolling stock and to repay debt.

Mazovian Railways is a rail company owned by the Polish Province of Mazowieckie.

Issuer:Koleje Mazowieckie (Mazovian Railways)
Amount:€100 million
Maturity:March 9, 2016
Description:Notes
Bookrunner:Standard Bank
Coupon:6¾%
Price:99.486
Yield:6 7/8%
Trade date:March 2
Settlement date:March 9
Rating:Fitch: BBB-
Distribution:Regulation S

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