White & Case has advised the State Treasury of the Republic of Poland on the issuance of a USD 5.5 billion dual-tranche of SEC-registered bonds. Rymarz Zdort Maruta, working with Latham & Watkins, advised the banks involved.
The issuance was executed under the Republic of Poland’s Shelf Program registered with the SEC, with joint book-running managers BNP Paribas, Deutsche Bank Aktiengesellschaft, Goldman Sachs Bank Europe, and Banco Santander.
According to White & Case, the issuance comprised USD 2.75 billion in five-year bonds and USD 2.75 billion in ten-year bonds. The five-year bonds, due on February 12, 2030, were priced at 75 basis points over US Treasury Notes maturing on January 31, 2030, yielding 4.995% with a coupon of 4.875% per annum. The 10-year bonds, due on February 12, 2035, were priced at 105 basis points over US Treasury Notes maturing on November 15, 2034, yielding 5.472% with a coupon of 5.375% per annum.
The White & Case team included Warsaw-based Local Partner Andrzej Sutkowski and Associate Michal Truszczynski as well as further team members in London.
The Rymarz Zdort Maruta team included Partner Lukasz Gasinski, Counsel Adam Puchalski, and Senior Associate Przemysław Kopka.
