Croatia takes advantage of euro market momentum

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By Mariam Meskin
25 Feb 2021

Croatia was set to price a bond in euros on Thursday, following two other EM sovereign issuances in the currency this week.

The Reg S/144A dual tranche benchmark bond consists of 12 year and 20 year tranches.

Initial price thoughts on Thursday morning were 135bp over mid-swaps and 165bp over mid-swaps, respectively.

That was later tightened to 115bp area over mid-swaps and 145bp over mid-swaps.

By the afternoon, books were in ...

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