Croatia takes advantage of euro market momentum
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 ...