Slovakia slashes pricing on first syndication of the year
The Slovak Republic is set to make a flying start to its 2013 syndications programme. The issuer will price its first benchmark of the year — a 10 year euro — on Wednesday afternoon at a level well inside initial price thoughts.
Deutsche Bank, ING, Société Générale and Slovenská Sporitelna (Erste Group) set pricing at 122bp over mid-swaps on Wednesday morning about two hours after opening books.
This is sharply inside the initial price thoughts of mid-swaps plus high 120s area announced on Tuesday afternoon, and is at the tight
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.