Poland prices 25bn yen bond issue at 1.49pc

WARSAW: Poland priced its 25 billion yen ($312.70 million) retail Samurai bond issue at a coupon of 1.49 percent, or 100 basis points over yen swaps, the Finance Ministry said.

The transaction on the 5-year papers will settle on May 30.

"Following prefinancing of part of our this year's foreign exchange needs last year, and issues on the euro, dollar, Swiss frank and yen markets, we will now be more restrained in our activity on the foreign markets," Piotr Marczak, the head of the ministry's debt department, told Reuters.

"We will more intensively continue to pull credit from international financial institutions," he added.