LONDON: The state treasury of the Republic of Poland has started marketing a dual-tranche euro-denominated benchmark-sized Eurobond, according to a lead manager.
The bond is split between 10 and 20-year tranches, with the shorter portion offered to investors at 65bp area over mid-swaps and the longer tranche marketed at mid-swaps plus 105bp area.
Citigroup, HSBC, ING, Societe Generale and UniCredit are bookrunners on the deal, which is expected to be Monday's business.
Poland is rated A2 by Moody's and A- by Standard & Poor's and Fitch.
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