Serbia goes for dollars in second outing of the year

The Republic of Serbia this week raised a dollar bond in its second offering of the year, in what has been an exceptionally busy year for central and eastern European sovereign issuers.
Serbia, rated Ba3/BB+/BB+, on Monday sold a Reg S/144A 10 year $1.2bn bond maturing in December 2030.
The deal was priced at 98.005 with a coupon of 2.125% to yield of 2.35%. That was a spread of 150.2bp over mid-swaps, tightened from initial price thoughts on Monday morning of ...Already a subscriber? Login