# EDGAR Filing Document

**Accession Number:** 0000079312
**File Stem:** 0001104659-26-040435
**Filing Date:** 2026-4
**Character Count:** 5032
**Document Hash:** acdabd39f9646087d0bbac679f7fc74a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-040435.hdr.sgml**: 20260407

**ACCESSION NUMBER**: 0001104659-26-040435

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260407

**DATE AS OF CHANGE**: 20260407

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** POLAND REPUBLIC OF
- **CENTRAL INDEX KEY:** 0000079312
- **ORGANIZATION NAME:** International Corp Fin
- **EIN:** 000000000
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-292814
- **FILM NUMBER:** 26845449

**BUSINESS ADDRESS:**
- **STREET 1:** 233 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016
- **BUSINESS PHONE:** 48 22 694 5000

**MAIL ADDRESS:**
- **STREET 1:** MINISTRY OF FINANCE
- **STREET 2:** UL. SWIETOKRZYSKA 12
- **CITY:** WARSAW POLAND
- **STATE:** R9
- **ZIP:** 00916
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** POLAND REPUBLIC OF
- **CENTRAL INDEX KEY:** 0000079312
- **ORGANIZATION NAME:** International Corp Fin
- **EIN:** 000000000
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 233 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016
- **BUSINESS PHONE:** 48 22 694 5000

**MAIL ADDRESS:**
- **STREET 1:** MINISTRY OF FINANCE
- **STREET 2:** UL. SWIETOKRZYSKA 12
- **CITY:** WARSAW POLAND
- **STATE:** R9
- **ZIP:** 00916

*Filed pursuant to Rule 433*

 

*Relating to*

*Preliminary Prospectus Supplement dated April 7 , 2026 to*

*Registration Statement no. 333-292814*

![](tm262761d9_fwpimg001.jpg)

**THE STATE TREASURY OF THE REPUBLIC OF POLAND**

Represented by the Minister of Finance and Economy

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| | | | |
|:---|:---|:---|:---|
| Pricing Term Sheet | Pricing Term Sheet | Pricing Term Sheet | Pricing Term Sheet |
| Issuer: | The State Treasury of the Republic of Poland Represented by the Minister of Finance and Economy | The State Treasury of the Republic of Poland Represented by the Minister of Finance and Economy | The State Treasury of the Republic of Poland Represented by the Minister of Finance and Economy |
| Principal Amount: | U.S.$1,000,000,000 | U.S.$2,500,000,000 | U.S.$2,500,000,000 |
| Maturity Date: | April 14, 2031 | April 14, 2036 | April 14, 2056 |
| Coupon: | 4.625% | 5.375% | 6.125% |
| Price to Public: | 99.912% | 99.771% | 98.542% |
| Yield to Maturity: | 4.645% | 5.405% | 6.233% |
| Spread to Benchmark Treasury: | +65 basis points | +105 basis points | +130 basis points |
| Benchmark Treasury: | UST 3.875% due March 31, 2031 | UST 4.125% due February 15, 2036 | UST 4.625% due November 15, 2055 |
| Benchmark Treasury Yield: | 3.995% | 4.355% | 4.933% |

---

---

| | | | |
|:---|:---|:---|:---|
| Interest Payment Dates: | April 14 and October 14, commencing October 14, 2026 | April 14 and October 14, commencing October 14, 2026 | April 14 and October 14, commencing October 14, 2026 |
| Pricing Date: | April 7, 2026 | April 7, 2026 | April 7, 2026 |
| Settlement Date (T+5): | April 14, 2026 | April 14, 2026 | April 14, 2026 |
| CUSIP / ISIN: | US857524AJ17 / 857524 AJ1 | US857524AK89 / 857524 AK8 | US857524AL62 / 857524 AL6 |
| Denominations: | U.S.$1,000 and integral multiples thereof | U.S.$1,000 and integral multiples thereof | U.S.$1,000 and integral multiples thereof |
| Day Count: | 360-day year of twelve 30-day months | 360-day year of twelve 30-day months | 360-day year of twelve 30-day months |
| Joint Bookrunners: | Citigroup Global Markets Inc., Goldman Sachs Bank Europe SE, J.P. Morgan SE and Société Générale | Citigroup Global Markets Inc., Goldman Sachs Bank Europe SE, J.P. Morgan SE and Société Générale | Citigroup Global Markets Inc., Goldman Sachs Bank Europe SE, J.P. Morgan SE and Société Générale |
| Ratings of the Republic of Poland: | A2 (negative) (Moody's) / A- (negative) (S&P) / A- (negative) (Fitch) | A2 (negative) (Moody's) / A- (negative) (S&P) / A- (negative) (Fitch) | A2 (negative) (Moody's) / A- (negative) (S&P) / A- (negative) (Fitch) |

---

**Note**: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc. at +1-800-831-9146, Goldman Sachs Bank Europe SE at +1-866-471-2526, J.P. Morgan SE at +44 207 134 2468 or Société Générale at +1-855-881-2108.