The Ministry of Finance priced a 10-year US$ denominated benchmark bond for a nominal amount of US$ 2 billion. The orderbook reached USD 8 billion. The bond maturing on 17 March 2023 yields 3.175 percent, which is 150 basis points over the ten-year US Treasury Notes due 15 August 2022 and 135 basis points over the interpolated mid-swap rate. The coupon has been set at 3.00 percent.

The bonds were allocated to investors from the United States (39%), UK (21%), Poland (12%), Germany and Austria (9%), other European (7%), Asia (5%) and Middle East (4%).

The institutional distribution was dominated by assets managers (64%). The bonds were also place among pension funds and insurance companies (16%), banks (9%) and central banks (4%).

The lead managers on the transaction are Deutsche Bank, Goldman Sachs International and HSBC.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities. The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (SEC) for the offering to which this communication relates, which may be obtained on the SEC website at www.sec.gov.