The Ministry of Finance priced on February 3, 2020 a 5-year EUR denominated benchmark bond maturing on February 10, 2025. The nominal amount of the issue was EUR 1.5bn. The orderbook reached EUR 6.5bn.

The bond was priced at the level of 19 basis points over mid-swap rate, yielding -0.102% with annual coupon of 0%.

The issue was executed under Republic of Poland’s Euro Medium Term Note (EMTN) Programme. The lead managers on the transaction were: BNP Paribas, Commerzbank, ING, JP Morgan, PKO BP and Santander.