Romania guides for triple trancher, with first ever euro 30 year

Bucharest px230
By Francesca Young
27 Mar 2019

Romania has released initial price guidance for its euro triple tranche bond, a deal which is expected to total over €2bn and includes the sovereign’s first ever euro 30 year bond.

Guidance has been put out for the long seven year tranche at 215bp over mid-swaps, for the 15 year at 305bp and for the 30 year at 390bp. Each piece will be of benchmark size.

Citi, Erste Bank, ING, JP Morgan and Société Générale are ...

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