Bulgaria pushes out sovereign curve with long 10 year

By Steven Gilmore
26 Jun 2014

Bulgaria brought its first benchmark deal in two years on Thursday, printing a €1.493bn long 10 year bond from an order book close to €4bn.

Leads Citi, HSBC and JP Morgan started taking indications of interest on Wednesday afternoon before finishing a roadshow in Vienna on Thursday. They opened books with initial price thoughts of 170bp over mid-swaps area on Thursday morning and had €1.3bn in orders by mid-morning, said a banker on ...

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