By Rebecca Melvin
New York, June 6 – The Republic of Croatia priced €750 million of 2.7% 10-year notes (Ba2/BB+/BB+) on Wednesday at 98.302 to yield 2.898%, or mid-swaps plus 190 basis points, according to a syndicate source.
The spread was tightened from initial price talk at mid-swaps plus 220 bps.
The final order book size was €3.7 billion at the time launch details were released.
Deutsche Bank, JPMorgan and UniCredit are bookrunners for the Regulation S deal.
| Issuer: | Croatia
|
| Amount: | €750 million
|
| Maturity: | June 15, 2028
|
| Description: | Notes
|
| Bookrunners: | Deutsche Bank, JPMorgan and UniCredit
|
| Coupon: | 2.7%
|
| Price: | 98.302
|
| Yield: | 2.898%
|
| Spread: | Mid-swaps plus 190 bps
|
| Trade date: | June 6
|
| Settlement date: | June 15
|
| Ratings: | Moody’s: Ba2
|
| S&P: BB+
|
| Fitch: BB+
|
| Distribution: | Regulation S
|
| Price talk: | Mid-swaps plus 220 bps
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
