Poland has placed CHF 1bn bonds denominated in Swiss franks in two tranches: CHF 400mn in 5-year papers and CHF 600mn in 10-year bonds, the finance ministry said in a communiqué late on Thursday. Settlement date for the transaction, organised by UBS Investment Bank, is May 12. The shorter bills, maturing May 12, 2010, had margin 9.9bps higher than the swap rate of Swiss bonds and their yield amounted to 1.934%. Interest will be paid annually and will amount to 1.87% of the nominal value. The longer bonds, maturing on May 12, 2015, were valued at 15.3bps above the swap rate, with the yield at 2.6125% and annual coupon of 2.625% of the nominal value.
Poland sells Swiss Frank 1bn bond issue, twice larger than planned