New Issue: Azerbaijan releases details on $1.25 billion 4¾% 10-year notes that priced with 5% yield

By Christine Van Dusen

Atlanta, March 11 - Azerbaijan released details on its new issue of $1.25 billion 4¾% notes due March 18, 2024 (Baa3/BBB-/BBB-).

The notes priced Monday at 98.051 to yield 5%, or Treasuries plus 221.8 basis points.

The notes were talked at a spread in the low-to-mid-200 bps area.

Barclays, Citigroup and Deutsche Bank were the bookrunners for the Rule 144A and Regulation S deal.

Issuer:	Azerbaijan
Amount:	$1.25 billion
Maturity:	March 18, 2024
Description:	Notes
Bookrunners:	Barclays, Citigroup, Deutsche Bank
Coupon:	4¾%
Price:	98.051
Yield:	5%
Spread:	Treasuries plus 221.8 bps
Trade date:	March 10
Settlement date:	March 18
Ratings:	Moody's: Baa3
	Standard & Poor's: BBB-
	Fitch: BBB-
Distribution:	Rule 144A/Regulation S
Price talk:	Low-to-mid 200 bps area

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