Bloomberg News

Poland Sells 25 Billion Yen of Bonds to Japan Individuals

May 11, 2012

Poland sold 25 billion yen (313 million) of five-year Samurai bonds in its second offering to individual investors in Japan.

The bond maturing in May 2017 was priced to yield 1.49 percent or 100 basis points above mid-swaps, the Finance Ministry said in a statement on its website today. It planned to sell the notes with yield between 1.3 percent and 1.7 percent, according to a May 1 filing.

“The bond launched today is the first retail-targeted transaction of a foreign issuer on the Japanese market in 2012,” the ministry said in the statement. It’s also “the second retail bond issued by the Republic of Poland on the Japanese market.”

The European Union’s largest eastern economy debuted on the Japanese retail bond market in July, when it sold 25 billion yen of four-year bonds. The debt was priced to yield 1.25 percent, according to data compiled by Bloomberg.

Samurai bonds are yen-denominated debt sold in Japan by overseas borrowers. Daiwa Securities Capital Markets Co. managed this and last year’s sales.

To contact the reporter on this story: Yusuke Miyazawa in Tokyo at ymiyazawa3@bloomberg.net Piotr Skolimowski in Warsaw at pskolimowski@bloomberg.net

To contact the editors responsible for this story: Taku Kato at tkato6@bloomberg.net Gavin Serkin at gserkin@bloomberg.net


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