Poland borrows at record low rate

Published: April 1, 2015

Republic's 12-year euro issuance this week attracted orders of €1.7bn.

Poland's latest international bond has priced with a coupon of 0.875% and a reoffer yield of 1.022%, the lowest rate the republic has ever achieved with a euro-denominated issuance.

The ministry of finance attracted orders of €1.7bn (US$1.8bn) for the €1bn, 12-year deal.

Santander, Barclays, Societe Generale and Citi – the latter of which topped the CEEMEA international DCM league tables last year – ran the transaction.