Deutsche Bank reaffirmed its position in the Polish equity markets this week, taking a central role on an accelerated bookbuild that helped the country hit a 5bn zloty-plus privatisation target for 2013 less than a month into the year.

On Wednesday, the Republic of Poland and state-owned Bank Gospodarstwa Krajowego sold stock worth 5.2bn Polish zlotys in local bank PKO. The deal priced on Wednesday at 34.25 Polish zlotys, a 1.4% discount to the last price prior to the offering and a 3% discount to the final trade before the deal was announced. In early trading this morning, the shares were valued at over 35 Polish zlotys.