October 19, 2016 / 1:36 PM / in a year

Suriname sets guidance of 9.25% area on 10-year bond

NEW YORK, Oct 19 (IFR) - The Republic of Suriname narrowed the yield offered on its 10-year international bond on Wednesday to 9.25% area, according to one of the lead managers.

That was tight to initial price thoughts in the 9.5% area. The size of the deal was also upsized by US$50m to US$550m on strong demand, the lead said.

Books are set to close on Wednesday morning.

Oppenheimer and Scotiabank are acting as joint bookrunners on the 144A/Reg S deal, which is expected to be rated B1/B+/B+. (Reporting by Joy Wiltermuth; Editing by Marc Carnegie)

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