The Ministry of Finance priced on October 18th, 12-year and 30-year EUR denominated bonds with a cumulative nominal value of EUR 1.25bn.
The nominal amount of the issue that matures on October 25th, 2028 is EUR 750mn. The bond was priced at the level of 48 basis points over mid-swap rate. 1.058% of yield was achieved with annual coupon at the level of 1%.
The structure of buyers is well diversified.
The bonds were placed mainly among investors from: France (28%), Italy (21%), Germany (13%), Poland (8%), Bulgaria (7%), Switzerland (6%), Benelux (5%), UK (4%), other CEE (3%), other Europe (3%), rest of the World (2%).
In terms of investor type, the buyers group included: asset managers (36%), insurance and pension companies (36%), banks (25%), central banks and public institutions (3%).
The nominal amount of the issue that matures on October 25th, 2046 is EUR 500mn. The bond was priced at the level of 120 basis points over mid-swap rate. 2.122% of yield was achieved with annual coupon at the level of 2%.
It is the first ever public EUR 30 year bond out of CEE and only second such bond form a non-Eurozone sovereign globally.
The structure of buyers is well diversified.
The bonds were placed mainly among investors from: Germany (41%), Italy (24%), UK (11%), Switzerland (10%), Poland (5%), other CEE (3%), other Europe (4%), rest of the world (2%).
In terms of investor type, the buyers group included: asset managers (57%), insurance and pension companies (23%), banks (12%), central banks and public institutions (8%).
The issue was executed under Republic of Poland's Euro Medium Term Note (EMTN) Programme. The lead managers and bookrunners on the transaction were Banco Santander, Barclays, BNP Paribas, Citigroup and Commerzbank