Bulgaria hauls in 400 orders in bond market return

05 Jul 2012

The Republic of Bulgaria attracted a bumper book in its first visit to the capital markets in 10 years, as it printed a five year euro trade on Monday.

The book totalled €6bn and orders came in from 400 investors, allowing the issuer to print €950m at the tight end of revised guidance.

Leads BNP Paribas, HSBC and Raiffeisen Bank had released guidance of 350bp over mid-swaps on Monday morning, revising that to 320bp-330bp over and finally ...

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