By Reshmi Basu
New York, March 11 - The Czech Republic sold €1 billion 15-year notes (A1/A/A-) at 98.905 with a 4 1/8% coupon to yield mid-swaps plus 10 basis points, according to a market source.
The deal came at the tighter end of price guidance. Guidance had been set at mid-swaps plus 10 to 12 basis points.
Deutsche Bank, JP Morgan and ABN Amro managed the sale.
In June, the country priced €1.5 billion 10-year notes at 99.772 to yield 12 basis points over mid-swaps.
| Issuer: | Czech Republic
|
| Amount: | €1 billion
|
| Issue: | Notes
|
| Maturity: | March 18, 2020
|
| Coupon: | 4 1/8%
|
| Issue price: | 98.905
|
| Spread: | Mid-swaps plus 10 basis points
|
| Pricing date: | March 11
|
| Settlement date: | March 18
|
| Managers: | Deutsche Bank, JP Morgan and ABN Amro
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A
|
| Fitch: A-
|
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