The bond issue attracted huge interest from investors, who made a total demand of \u20ac10.2 billion, confirming their confidence in the foundations of the Polish economy.<\/p>\n
The \u20ac2.5 billion 10-year bond maturing on 11 January 2034 was priced 115 basis points above the average swap rate. A return of 3.716% was achieved, with an annual coupon of 3.625%.<\/p>\n
The \u20ac1.25 billion 20-year bond maturing on 11 January 2044 was priced at 160 basis points above the average swap rate. A return of 4.175% was achieved, with an annual coupon of 4.125%.<\/p>\n
Buyers of the 10-year bond included investors from UK (43%), Germany (18%), Middle East countries (7%), Poland (5%), Austria (3%), Benelux countries (3%), France (3%), Switzerland (3%), other European countries (14%) and other non-European countries (2%).<\/p>\n
The entity structure of investors in 10-year bonds included investment funds (57%), banks (19%), central banks and public institutions (14%), insurance institutions and pension funds (4%) and other financial institutions (6%).<\/p>\n
Buyers of 20-year bonds included investors from UK (52%), Germany (18%), Austria (4%), France (4%), Switzerland (4%), Middle Eastern countries (3%), Poland (1%), other European countries (10%) and other countries outside Europe (4%).<\/p>\n
The entity structure of investors in 20-year bonds included investment funds (53%), banks (12%), central banks and public institutions (12%), insurance institutions and pension funds (11%) and other financial institutions (12%).<\/p>\n
Adrian Andrzejewski<\/p>\n","protected":false},"excerpt":{"rendered":"
Last week, the Ministry of Finance placed 10- and 20-year bonds with a total nominal value of \u20ac3.75 billion on the euro market. This is historically the largest transaction carried…<\/p>\n","protected":false},"author":7,"featured_media":54600,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[43],"tags":[],"class_list":["post-54654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"\n