Rymarz Zdort Maruta advises in connection with USD 6 billion treasury bond issuance

We are pleased to announce that Rymarz Zdort Maruta provided advice on Polish law to underwriters in connection with the issuance by the State Treasury of the Republic of Poland, represented by the Minister of Finance and Economy, of treasury bonds with a value of USD 6 billion on the US market.

The transaction involved the issuance on 14 April 2026 of: (i) USD 1 billion in bonds due in 2031 and bearing interest at the rate of 4.625% per annum; (ii) USD 2.5 billion in bonds due in 2036 and bearing interest at the rate of 5.375% per annum; and (iii) USD 2.5 billion in bonds due in 2056 and bearing interest at the rate of 6.125% per annum.

The issuance of the bonds was conducted on the US market on the basis of, among other things, the Registration Statement and the Prospectus Supplement filed with the United States Securities and Exchange Commission (SEC).

Advice on US law was provided by the law firm Latham & Watkins, with which Rymarz Zdort Maruta cooperated closely.

This is yet another transaction on which Rymarz Zdort Maruta advised, following the issuance of Polish treasury bonds valued at USD 8 billion in 2024 and USD 5.5 billion in 2025.

The transaction team included Dr Adam Puchalski (partner), Dr hab. Łukasz Gasinski (partner and co-head of the Financial Regulatory practice) and Julia Kosiniak (associate).