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.

Copyright Reuters, 2016