January 11, 2018 / 1:29 PM / 10 days ago

Macedonia launches €500m January 2025 bond at 3% - lead

LONDON, Jan 11 (IFR) - Macedonia has launched a €500m January 2025 bond at a yield of 3%, according to a lead.

That was at the tight end of guidance of 3.125% area (+/-12.5bp). The notes were initially marketed at 3.375% area.

The order books are over €3.5bn.

The deal is expected to price today via Citigroup, Deutsche Bank and Erste Group.

The sovereign is rated BB- (stable) by S&P and BB (negative) by Fitch. (Editing by Alex Chambers)

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