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)