LONDON, March 16 (IFR) - The Republic of Poland has revised pricing on a dual-tranche euro issue, according to a lead.
The sovereign is marketing a long 10-year benchmark-sized bond at 55bp-57bp over mid-swaps, after initial price thoughts at 60bp area over.
Poland is marketing a tap of its outstanding January 2036 notes at mid-swaps plus 85bp-90bp. The reopening was initially marketed at plus 90bp-95bp.
Combined order books are over €2.2bn, with a skew towards the 10-year.
The bookrunners are Barclays, BNP Paribas, Commerzbank, ING, JP Morgan and PKO Bank Polski.
The deal is today’s business.
Poland is rated A2/BBB+/A-. (Reporting by Robert Hogg; editing by Sudip Roy)