LONDON, March 12 (IFR) - Montenegro has launched a 500m five-year bond at 4% yield, according to a lead.
Demand for the deal was in excess of 1.3bn at 1430 GMT.
The sovereign began marketing the deal at 4.125% area earlier on Thursday.
Citigroup, Deutsche Bank, Erste Group and Societe Generale are running the Regs S/144A transaction.
Pricing and allocations are expected this afternoon.
Montenegro is rated Ba3 with a negative outlook from Moody's and B+ with a stable outlook from Standard & Poor's. (Reporting By Michael Turner, Editing by Helene Durand)