By Christine Van Dusen
Atlanta, Sept. 2 – Poland sold €1 billion 1½% notes due Sept. 9, 2025 at a yield of 1.592%, or mid-swaps plus 48 basis points, on Wednesday, according to a filing from the sovereign.
BNP Paribas, Deutsche Bank, HSBC and JPMorgan were the bookrunners for the Regulation S deal.
The order book reached €1.3 billion.
The bonds were placed mainly among European investors, Germany picking up 38%, Belgium 11%, Poland 10%, Austria 6%, United Kingdom 5%, Switzerland 4%, France 4% and other European countries 7%. The share of investors from the United States, Latin America and Asia amounted to 9%, 5% and 1%, respectively, according to the announcement.
| Issuer: | Poland
|
| Amount: | €1 billion
|
| Maturity: | Sept. 9, 2025
|
| Description: | Notes
|
| Bookrunners: | BNP Paribas, Deutsche Bank, HSBC, JPMorgan
|
| Coupon: | 1½%
|
| Yield: | 1.592%
|
| Spread: | Mid-swaps plus 48 bps
|
| Trade date: | Sept. 2
|
| Settlement date: | Sept. 9
|
| Distribution: | Regulation S
|
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