Published on 3/8/2016 in the Prospect News Emerging Markets Daily.
New Issue: Montenegro prices €300 million 5¾% five-year notes to yield 6%
By Christine Van Dusen
Atlanta, March 8 – Montenegro priced €300 million 5¾% five-year notes at 98.947 to yield 6% on Tuesday, according to a filing from the sovereign.
Deutsche Bank, Citigroup, Erste Group and Societe Generale CIB were the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used for general budgetary purposes.
| Issuer: | Montenegro
|
| Amount: | €300 million
|
| Maturity: | March 10, 2021
|
| Description: | Notes
|
| Bookrunners: | Deutsche Bank, Citigroup, Erste Group, Societe Generale CIB
|
| Coupon: | 5¾%
|
| Price: | 98.947
|
| Yield: | 6%
|
| Trade date: | March 8
|
| Settlement date: | March 10
|
| Ratings: | Moody's: Ba3
|
| Standard & Poor's: B+
|
| Distribution: | Rule 144A and Regulation S
|
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