The Ministry of Finance priced a 12-year Euro denominated benchmark bond for a nominal amount of EUR 1.75 bn. The orderbook reached EUR 3.5 bn - 245 accounts were involved. The bond maturing on 9 July 2024 yields 3.385 per cent., which is 143 basis points over interpolated mid-swap rate. The annual coupon has been set at 3.375 per cent.

The bonds were allocated mainly to investors from Germany and Austria (28%), UK (24%), Benelux (16%), Poland (9%), France (8%) and Scandinavia (6%).

The institutional distribution was dominated by assets managers (54%). The bonds were also placed among pension funds and insurance companies (24%) as well as banks (16%).

The issue was executed under Republic of Poland's Euro Medium Term Note (EMTN) Programme.

The lead managers on the transaction are Commerzbank, HSBC, ING oraz Société Générale.