The Ministry of Finance priced on February 28th, 2019 a 10- and 30-year EUR denominated “Green Bonds” maturing on March 7th, 2029 and March 8th, 2049, respectively. Aggregate demand was EUR 4.8bn.

Demand for 10-year bond stood at EUR 3.5bn and allowed for issue of EUR 1.5bn. The bond was priced at the level of 35 basis points over mid-swap rate, yielding 1.057% with annual coupon at the level of 1%.

Demand for 30-year bonds stood at EUR 1.3bn and allowed for issue of EUR 0.5bn. The bond was priced at the level of 77 basis points over mid-swap rate, yielding 2.071% with annual coupon at the level of 2%.

Proceeds from the issuance will be spent on environmental projects according to the Green Bond Framework.

The issue was executed under Republic of Poland’s Euro Medium Term Note (EMTN) Programme. The lead managers and bookrunners on the transaction were Citi, ING, J.P. Morgan, PKO BP, Santander and Societe Generale.