Poland Re-Enters FX Bond Sale Rush With $5.5 Billion Sale

Poland returned to international markets for a second time in as many months with dollar-denominated bonds as part of efforts to cover record financing needs.

The government launched a sale of $2.75 billion in 5-year notes and the same amount in 10-year securities on Wednesday. The deals were launched at 75 basis points over US Treasuries for the shorter maturity while the longer tenor has a spread of 105 basis points, both tighter than initial price talk and the guidance, according to a person familiar with the matter who asked not to be identified.