The Ministry of Finance priced on 11th of January 10-year and 20-year EUR denominated bonds.
The nominal amount of the issue that matures on January 19th, 2026 is EUR 1bn. The bond was priced at the level of 65 basis points over mid-swap rate. 1.542% of yield was achieved with annual coupon at the level of 1.5%
The structure of buyers is well diversified.
The bonds were placed mainly among investors from: Poland (27%), Germany (18%), France (10%), UK (9%), Switzerland (8%), Austria (7%), Middle East (4%), Netherlands (3%), Italy (3%), CEE (4%), other Europe (6%), Asia and US (1%).
In terms of investor type, the buyers group included: banks (59%), asset managers (26%), central banks and public institutions (8%), insurance and pension companies (6%).
The nominal amount of the issue that matures on January 18th, 2036 is EUR 750mn. The bond was priced at the level of 100 basis points over mid-swap rate. 2.471% of yield was achieved with annual coupon at the level of 2.375%
The structure of buyers is well diversified.
The bonds were placed mainly among investors from: Germany (45%), UK (10%), Poland (9%), Switzerland (7%), Austria (6%), Italy (5%), Netherlands (4%), France (2%), Middle East (2%), CEE (1%), other Europe (6%), Asia and US (3%).
In terms of investor type, the buyers group included: asset managers (54%), banks (24%), insurance and pension companies (15%), central banks and public institutions (4%).
The issue was executed under Republic of Poland's Euro Medium Term Note (EMTN) Programme. The lead managers and bookrunners on the transaction were Citi, HSBC, ING, Societe Generale and UniCredit.