LONDON, Nov 21 (IFR) - The Republic of Serbia has begun bookbuilding for a new benchmark-sized five-year US dollar bond, according to a lead.
Initial price thoughts are at a yield of 6.25% area. The 144A/Reg S bond is expected to launch and price later on Thursday.
Serbia is rated B1/BB-/BB-. Citigroup and Deutsche Bank are the lead managers. (Reporting by Sudip Roy, editing by Anil Mayre)