Published on 11/17/2017 in the Prospect News Emerging Markets Daily.
New Issue: Croatia sells €1.28 billion 2¾% notes due January 2030 to yield 2.95%
By Rebecca Melvin
New York, Nov. 17 – Croatia priced €1,275,000,000 of 2¾% notes due Jan. 27, 2030 (expected ratings: Ba2/BB/BB) at 97.943 to yield 2.95%, or mid-swaps plus 190 basis points, according to a market source.
Banca IMI, Barclays, JPMorgan and Privredna Banka Zagreb were the bookrunners for the Regulation S deal.
The bonds will be listed on the Luxembourg Stock Exchange.
Issuer: | Croatia
|
Amount: | €1,275,000,000
|
Maturity: | Jan. 27, 2030
|
Description: | Notes
|
Bookrunners: | Banca IMI, Barclays, JPMorgan and Privredna Banka Zagreb
|
Coupon: | 2¾%
|
Price: | 97.943
|
Yield: | 2.95%
|
Spread: | Mid-swaps plus 190 bps
|
Pricing date: | Nov. 16
|
Settlement date: | Nov. 27
|
Ratings: | Moody’s: Ba2
|
| S&P: BB
|
| Fitch: BB
|
Distribution: | Regulation S
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