New Issue: Poland's PKO Bank sells €500 million 2.324% notes due 2019 at mid-swaps plus 115 bps

By Christine Van Dusen

Atlanta, Jan. 16 - Poland's PKO Bank Polski SA sold €500 million five-year notes (A2/A-/) at par to yield 2.324%, or mid-swaps plus 115 basis points, a market source said.

Citigroup, Santander, Societe Generale and UBS were the bookrunners for the Regulation S deal.

Powszechna Kasa Oszczednosci Bank Polski is the borrower.

The issuer is a Warsaw-based lender.

Issuer:	PKO Bank Polski SA
Amount:	€500 million
Maturity:	Jan. 23, 2019
Description:	Notes
Bookrunners:	Citigroup, Santander, Societe Generale CIB, UBS
Coupon:	2.324%
Price:	Par
Yield:	2.324%
Spread:	Mid-swaps plus 115 bps
Trade date:	Jan. 16
Settlement date:	Jan. 23
Ratings:	Moody's: A2
	Standard & Poor's: A-
Distribution:	Regulation S

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