LONDON, April 10 (IFR) - Romania has set final guidance for a dual-tranche euro offering, according to a lead.
The sovereign has set the spread for a new 10-year benchmark bond at 170bp over mid-swaps. The notes were initially marketed at 185bp area over, and guidance was set at plus 175bp-180bp.
Romania has set the yield for a reopening of its €1.25bn 3.875% notes due October 2035 at 3.55%. That compares to an initial marketing level of 3.65% area, and guidance at 3.60% area.
The aggregate order books are over €3.25bn, with a skew to the 10-year. The deal is today's business via Barclays, Citigroup, Erste Group, ING and Societe Generale.
Romania is rated Baa3/BBB-/BBB-. (Reporting by Robert Hogg; editing by Sudip Roy)
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