Poland sold 12-year euro-denominated benchmark bonds for 1.75 billion in order to complete 2012 borrowing needs financing and pre-finance 2013.

Poland wanted to “take advantage of historically low yields to formally close financing of this year's borrowing needs, Piotr Marczak, the head of Finance Ministry’s public debt department said before the issue.
The benchmark notes were priced to yield 3.385 percent, or 143 basis points above the benchmark mid-swap rate and down from an initial guidance of 150, Bloomberg reported.

Finance Ministry picked banks Commerzbank, HSBC, ING and Societe Generale to manage the issue.