New Issue: North Macedonia sells €700 million 1 5/8% seven-year notes at mid-swaps plus 205 bps

By Rebecca Melvin

New York, March 3 – The Republic of North Macedonia, acting through its Ministry of Finance, priced €700 million of 1 5/8% notes due 2028 at a reoffering price of 98.432 for a yield of 1.866%, or a spread over mid-swaps of 205 basis points, according to a syndicate source.

Citigroup, Deutsche Bank, Erste Group and JPMorgan were joint bookrunners of the Rule 144A and Regulation S deal.

Issuer:	Republic of North Macedonia
Description:	Notes
Amount:	€700 million
Maturity:	March 10, 2028
Bookrunners:	Citigroup, Deutsche Bank, Erste Group and JPMorgan
Coupon:	1 5/8%
Price:	98.432
Yield:	1.866%
Spread:	Mid-swaps plus 205 bps
Trade date:	March 3
Settlement date:	March 10
Distribution:	Rule 144A and Regulation S

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