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Serbia's ProCredit Bank to sell €100 million to €150 million of notes
By Reshmi Basu
New York, Feb. 28 - ProCredit Bank AD, Serbia plans to sell a €100 million to €150 million offering of five-year loan participation notes (//BB-), according to a market source.
Price talk has been whispered at mid-swaps plus 200 basis points.
Deutsche Bank is the lead manager for the Regulation S deal, which will be issued via ProCredit Finance BV.
Based in Belgrade, Serbia, ProCredit Bank is a development-oriented full-service bank.
Pricing is expected to take place at the end of this week. By Wednesday morning, the book stood at around €300 million.
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