Dec 12 (IFR) - The Republic of Poland has set guidance for a five-year euro benchmark Green bond at 50-55bp over mid-swaps, according to a lead.
The sovereign initially marketed the notes at 60bp area over mid-swaps. The size is expected to be between 500-750m.
Order books are over 1.1bn, excluding joint lead manager interest.
The Reg S trade is expected to price on Monday. HSBC is Green structuring adviser, as well as a bookrunner along with JP Morgan and PKO Bank Polski.
Poland is rated A2/BBB+/A- (negative/stable/stable). (Reporting by Robert Hogg, editing by Robert Smith)