Erste Group Manages Bond Issue in Poland

Business › n.a. ♦ Published: June 12, 2012; 15:06 ♦ (Vindobona)

Poland new long 10-year sovereign bond issue had a volume of € 1.5bn. The issue was more than 2x over-subscribed.

Erste Group Manages Bond Issue in Poland / Picture: © Vindobona.org

Erste Group Bank AG (“Erste Group”) successfully managed the € 1.5 bn issue of a new long 10-year Polish government bond as Joint Lead Manager. The issue carries a coupon of 3.75%, is due on 19 January 2023 and was launched off the Issuer’s € 40bn EMTN program. The strong fundamentals of the country as one of the lowest indebted nations in the EU as well as its high investor…

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