March 12, 2015 / 2:42 PM / 3 years ago

Montenegro sets final yield at 4% on five-year euro bond

LONDON, March 12 (IFR) - Montenegro has set the final yield on a five-year euro benchmark-sized bond at 4%, according to a lead.

The issuer began marketing the deal at 4.125% area earlier on Thursday.

Demand for the bond is in excess of 1.3bn.

Citigroup, Deutsche Bank, Erste Group and Societe Generale are running the Reg S/144 A trade.

The deal will be launched and priced on Thursday afternoon.

Montenegro is rated Ba3 negative by Moody’s and B+ stable by Standard & Poor‘s. (Reporting By Michael Turner, Editing by Helene Durand)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below