CEE sovereign duo sell bonds in deep euro market
Serbia and Croatia issued euro-denominated bonds this week. Market participants said the deals showed there was strong appetite for the right kind of sovereign credits.
Croatia (Ba1/BBB-/BBB-) was set to issue a Reg S/144A dual tranche benchmark bond 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, ...