10/12/2007

Poland to issue yen-denominated bonds in November, valued at minimum 50 bln yen

WARSAW (Thomson Financial) - Poland will issue yen-denominated bonds in the first half of November and the value of the issuance will be at least 50 bln yen, Polish deputy finance minister told state news agency PAP.

'Roadshow and the yen-bond issue itself will take place in the first half of November,' Katarzyna Zajdel-Kurowska told PAP.

'The value of the offer will be at least 50 bln yen. The real value, as well as other parameters of the issuance will be known after the roadshow,' she added.

This would be Poland's sixth bond issue in yen, PAP said. Five previous offers were valued at a total of 285 bln yen.

Poland's finance ministry has earlier appointed Mitsubishi (other-otc: MSBHY.PK - news - people ) and Daiwa Securities as the lead managers for the planned issue of yen-denominated bonds.

Source: By Adrian Krajewski, forbes.com



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