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Poland sets guidance for euro five-year Green bond
December 12, 2016 / 12:08 PM / a year ago

Poland sets guidance for euro five-year Green bond

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)

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