Deals and Projects

Rymarz Zdort Maruta advises on issuance by Polish State Treasury of treasury bonds valued at USD 8 billion on US market

25 March 2024

We are pleased to announce that we provided advice in respect of Polish law to the underwriters in connection with the issuance by the State Treasury of the Republic of Poland, represented by the Minister of Finance, of treasury bonds valued at USD 8 billion on the US market.

According to the Minister of Finance of the Republic of Poland, it was, historically, the largest issue of Polish treasury bonds ever carried out on the US dollar market and received “a great deal of interest from stable and long-term investors”.

The transaction involved the issuance on 18 March 2024 of: (i) bonds valued at USD 1.5 billion due in 2029 and bearing interest at the rate of 4.625% per annum; (ii) bonds valued at USD 3 billion due in 2034 and bearing interest at the rate of 5.125% per annum; and (iii) bonds valued at USD 3.5 billion due in 2054 and bearing interest at the rate of 5.5% per annum.

The issuance of the bonds was conducted on the US market on the basis of, among others, the Registration Statement, the Base Prospectus 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.

The transaction team included Dr Adam Puchalski (counsel) and Dr hab. Łukasz Gasiński (partner).

Team members

Adam Puchalski

Dr Adam Puchalski

Partner

Dr Adam Puchalski
Łukasz Gasiński

Dr hab. Łukasz Gasiński

Partner

Dr hab. Łukasz Gasiński

More news

Rymarz Zdort Maruta advises on ABB of shares in Vercom

1 April 2025

We are pleased to announce that we advised Erste Group Bank AG, acting as the sole bookrunner, and Erste Securities Polska S.A., acting as the Polish offering agent, in connection with the accelerated...

Rymarz Zdort Maruta advises on ABB of shares in Vercom

Rymarz Zdort Maruta advises XXXLutz on acquisition of Black Red White

27 March 2025

We are pleased to announce that we advised the furniture retail chain XXXLutz on the acquisition of the Polish furniture group Black Red White ("BRW"). XXXLutz Group first invested in BRW in mid-2022,...

Rymarz Zdort Maruta advises XXXLutz on acquisition of Black Red White

Partner promotions at Rymarz Zdort Maruta

10 March 2025

The success of our law firm comes from having exceptional people on our team. We invest in their development, give them support and opportunities, and in return we receive their commitment, and benefi...

Partner promotions at Rymarz Zdort Maruta

Rymarz Zdort Maruta advises BEST S.A. on merger with Kredyt Inkaso S.A.

25 February 2025

We are pleased to announce that we advised BEST S.A. ("BEST"), one of the leading companies on the Polish financial services market, on aspects of their merger with Kredyt Inkaso S.A. ("KISA"), a comp...

Rymarz Zdort Maruta advises BEST S.A. on merger with Kredyt Inkaso S.A.
STAY UP TO DATE!
SUBSCRIBE TO 
OUR NEWSLETTER

Confirm your email

Check your mailbox and click the link to confirm your subscription to our Newsletter.

Thank you!