Global law firm White & Case LLP has advised the State Treasury of the Republic of Poland, represented by the Minister of Finance, on the issuance of a US$3 billion dual-tranche Securities and Exchange Commission registered transaction consisting of US$1.5 billion five-year and US$1.5 billion ten-year bonds.
The five-year bonds are due November 16, 2027, were priced at the level of 130 basis points over US Treasury Notes, yielding 5.619% with a coupon of 5.50% The ten-year bonds are due November 16, 2032, were priced at the level of 175 basis points over US Treasury Notes, yielding 5.890% with a coupon of 5.75%.
The issuance was executed under the Republic of Poland’s Shelf Programme registered under the Securities and Exchange Commission. The lead managers on the transaction were BNP Paribas, Deutsche Bank, Goldman Sachs Bank Europe SE, Santander and Société Générale.
The White & Case team which advised on the transaction included local partner Andrzej Sutkowski (Warsaw), partner Jill Christie, counsel Doron Loewinger (both London) and associates Damian Lubocki, Karolina Niedzielska (both Warsaw) and Callie Wallace (London).