The Republic of Serbia, rated BB-/BB-, has hired Citigroup and Deutsche Bank as lead managers on a US dollar Eurobond, according to market sources.
The sovereign has also mandated for a euro-denominated bond, added the sources, though the dollar transaction is mooted to come first.
Serbia was last in the international capital markets in February, when it printed a USD1.5bn 4.875% 2023 bond to yield 5.15%. That note is now trading at a yield of 5.30% on the bid side, according to Tradeweb.
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Source Reuters
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