LONDON, Oct 7 (IFR) - The Republic of Poland has cut guidance on a euro-denominated six-year bond to 46bp area over mid-swaps (plus or minus 1bp, will price in the range), according to a lead.
That was revised from guidance of plus 48bp area and initial price thoughts of plus 50bp area.
Demand is greater than 2.4bn, said the lead, with the Reg S deal expected to price later today.
Poland is rated A2 by Moody’s and A- by Standard & Poor’s and Fitch.
Barclays, Santander, Societe Generale and UniCredit are the lead managers.
Reporting by Sudip Roy, editing by Julian Baker