Serbia goes for dollars in second outing of the year

AdobeStock_Serbia_575x375_23Nov2020
By Mariam Meskin
23 Nov 2020

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 ...

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