‘Crossover’ Slovakia euro bond benefits from Pepp

By Mariam Meskin
14 Apr 2021

The Slovak Republic entered bond markets on Wednesday, seeking to sell a bond in euros. Though volatility in global markets has dampened primary markets in CEEMEA, emerging European sovereigns have continued to tap investors this year.

Guidance on the Reg S €1bn 0.375% April 2036 was 12bp over mid-swaps on Wednesday morning, with order books in excess of €4.6bn, including €565m of joint lead manager interest.

That later tightened to final pricing of 9bp over mid-swaps and a reoffer yield of 0.435%.

Barclays, Natixis, Tatra banka, Raiffeisen ...

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