April 10, 2017 / 2:10 PM / 9 months ago

Romania sets pricing for dual-tranche deal

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)

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