New Issue: Serbia prices $1 billion 7¼% notes due 2021 to yield 7½%

By Christine Van Dusen

Atlanta, Sept. 21 - Serbia priced a $1 billion issue of 7¼% notes due Sept. 28, 2021 (/BB/BB-) at 98.263 to yield 7½%, a market source said.

The notes were talked at 7 3/8%.

The Rule 144A and Regulation S transaction was led by bookrunners Deutsche Bank and JPMorgan.

Issuer:	Serbia
Amount:	$1 billion
Maturity:	Sept. 28, 2021
Description:	Notes
Bookrunners:	Deutsche Bank, JPMorgan
Coupon:	7¼%
Price:	98.263
Yield:	7½%
Trade date:	Sept. 21
Settlement date:	Sept. 28
Ratings:	Standard & Poor's: BB
	Fitch: BB-
Distribution:	Rule 144A and Regulation S
Price talk:	7 3/8%

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