Serbia EUR1bn 1.65% March 33

By Mariam Meskin
25 Feb 2021

Amount: Ba3/BB+/BB+

Tranche 1: €1bn Reg S/144A

Maturity: 3 March, 2033

Issue/reoffer price: 97.131

Coupon: 1.65%

Yield: 1.920%

Spread at reoffer: 180bp over mid-swaps

Launched: Wednesday, 24 February

Payment date:3 March

Joint books: BNP Paribas, Citi, Deutsche Bank, Erste Group

Bookrunners’ comment:

This transaction went very well. Serbia managed to achieve a negative new issue concession of ...

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