The Ministry of Finance priced on April 7th, 2026 a triple tranche USD denominated benchmark bond for an aggregate nominal amount of USD 6 bn.

• a 5 year bond of a nominal amount of USD 1.0 bn maturing on April 14th, 2031 which was priced at 65 basis points over US Treasury Notes due March 31, 2031, yielding 4.645% with annual coupon of 4.625%.
• a 10 year bond of a nominal amount of USD 2.5 bn maturing on April 14th, 2036 which was priced at 105 basis points over US Treasury Notes due February 15, 2036, yielding 5.405% with annual coupon of 5.375%.
• a 30 year bond of a nominal amount of USD 2.5 bn maturing on April 14th, 2056 which was priced at 130 basis points over US Treasury Notes due November 15, 2055, yielding 6.233% with annual coupon of 6.125%.

Once again, investor confidence was reflected in the high demand for Polish bonds. The issue was executed under Republic of Poland’s SHELF Programme registered under the Securities and Exchange Commission. The lead managers on the transaction were:  Citi, Goldman Sachs, JP Morgan and Société Générale.