‘Crossover’ Slovakia euro bond benefits from Pepp
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 ...