The Ministry of Finance priced on March 16th, 10-year and reopen 20-year EUR denominated bonds with a cumulative nominal value of EUR 1.5bn. The nominal amount of the issue that matures on October 22nd, 2027 is EUR 1bn. 

The bond was priced at the level of 55 basis points over mid-swap rate. 1.471% of yield was achieved with annual coupon at the level of 1.375%. The structure of buyers is well diversified. The bonds were placed mainly among investors from: Germany and Austria (31%), UK and Ireland (14%),France (13%), Poland (10%), Switzerland (10%), Benelux (7%), Nordics (7%), other CEE (4%), other Europe and rest of the World (4%). In terms of investor type, the buyers group included: asset managers (61%), insurance and pension companies (16%), banks (12%), central banks and public institutions (11%).

The nominal amount of the reopen of bonds matures on January 18th, 2036 is EUR 500mn. The bond was priced at the level of 83 basis points over mid-swap rate. 2.198% of yield was achieved with annual coupon at the level of 2.375%. The aggregate nominal amount of the bonds is 2bn EUR.

The structure of buyers is well diversified. The bonds were placed mainly among investors from: UK (27%), Germany and Austria (18%), Switzerland (6%), Poland (6%), other CEE (3%), other Europe (36%), rest of the world (4%). In terms of investor type, the buyers group included: asset managers (44%), insurance and pension companies (43%), central banks and public institutions (11%) and banks (2%).

The issue was executed under Republic of Poland's Euro Medium Term Note (EMTN) Programme. The lead managers and bookrunners on the transaction were Barclays, BNP Paribas, Commerzbank, ING, JP Morgan and PKO BP.