LONDON (MNI) – Slovakia will price its new E1.0 billion five-year
benchmark bond at mid-swaps +305 basis points, a source familiar with
the deal told Market News International.
“The books are now closed and pricing is later this afternoon,” the
source said.
Slovakia, which borrows under the name of the Slovak Republic and
is rated A1/A+/A+, opened books earlier Wednesday with initial price
guidance at mid-swaps +305bps/+310bps.
Lead banks for syndicated issue are HSBC, SGCIB, Tatra Bank and
Unicreditanks.
The Bratislava-based debt agency Ardal is planning to issue at
least three new bonds this year, including a three-year and a 10-year,
depending on market conditions, director Daniel Bytcanek previously told
MNI.
“Another bond line can be opened if required by investors,” said
Bytcanek, adding that bond auctions will be held on the monthly basis in
2012.
— London newsroom: 00 44 20 7862 7494; email: nshamim@marketnews.com
[TOPICS: MFX$$$,M$X$$$,MFXBO$,MNXAU$,MGX$$$]
