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Bank Gospodarstwa KrajowegoUPDATE: BGK bank values three tranches of bonds in Japanese yen with total value of JPY 47.3 billion
Poland's state development bank BGK has valued three tranches of bonds in Japanese yen with a total value of JPY 47.3 billion (EUR 267 mln), the bank said in a statement.
"On October 23, 2025, Poland's state development bank BGK valued three tranches of Japanese yen-denominated bonds issued to the Aid Fund with maturity dates of October 27, 2028, October 29, 2030, and October 29, 2035," the bank said in a statement.
The total value of the valued bonds amounted to JPY 47.3 billion (EUR 267 mln).
Three-year bonds worth JPY 31.5 billion (EUR 189.6 million) were valued at 78 basis points above the average swap rate. The bond coupon, payable every six months, is 1.79 percent per annum.
Five-year bonds worth JPY 9.1 billion (EUR 54.6 million) were priced at 90 basis points above the average swap rate. The bond coupon, payable every six months, is 2.05 percent per annum.
The 10-year bonds worth JPY 6.7 billion (EUR 40.2 million) were priced at 115 basis points above the average swap rate. The bond coupon, payable every six months, is 2.62 percent per annum.
The bonds are guaranteed by Poland's State Treasury. The underwriting syndicate consisted of Mizuho Securities Co. Ltd. and SMBC Nikko Securities Inc.
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