By Christine Van Dusen
Atlanta, May 9 - Poland's BOS Finance AB priced €250 million notes due May 11, 2016 (//BBB) at par to yield 6%, or mid-swaps plus 303.2 basis points, a market source said.
Barclays Capital, ING Bank and Raiffeisen Bank International were the bookrunners for the Regulation S notes, which include a change-of-control put at par if state ownership falls below 51%.
Proceeds will be used for general corporate purposes.
The notes are guaranteed by Bank Ochrony Srodowiska SA (Bos Bank), a Warsaw-based lender.
| Issuer: | BOS Finance AB
|
| Guarantor: | Bank Ochrony Srodowiska SA
|
| Amount: | €250 million
|
| Maturity: | May 11, 2016
|
| Description: | Notes
|
| Bookrunners: | Barclays Capital, ING Bank, Raiffeisen Bank International
|
| Coupon: | 6%
|
| Price: | Par
|
| Yield: | 6%
|
| Spread: | Mid-swaps plus 303.2 bps
|
| Change-of-control put: | At par if state ownership falls below 51%
|
| Trade date: | May 6
|
| Settlement date: | May 11
|
| Rating: | Fitch: BBB
|
| Distribution: | Regulation S
|
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