Bulgaria launches 1.493bn September 2024 bond at 160bp over mid-swaps

Thu Jun 26, 2014 8:22am EDT

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LONDON, June 26 (IFR) - The Republic of Bulgaria has launched a 1.493bn September 2024 euro-denominated bond at 160bp over mid-swaps, according to a source.

That is in line with revised price guidance of 160bp area over mid-swaps. Earlier on Thursday, the sovereign opened books at 170bp area over mid-swaps for pricing later in the day.

Bulgaria is rated Baa2 by Moody's and BBB- by both Standard & Poor's and Fitch.

Bulgaria began taking indications of interest for the deal on Wednesday via Citigroup, HSBC and JP Morgan. (Reporting by Sudip Roy; editing by Helene Durand)

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