LONDON, March 4 (IFR) - The Republic of Croatia has set final price guidance at mid-swaps plus 260bp area, plus or minus 5bp, on a 1.5bn 10-year bond, according to a lead.
The bond will price within that range.
This compares to price guidance of mid-swaps plus 270bp area and initial price thoughts of 287.5bp area over mid-swaps, released earlier today.
Demand for the bond has reached 6.5bn.
Barclays, Erste Bank, JP Morgan and UniCredit are running the Reg S trade. It is expected to be today’s business.
Croatia is rated Ba1 by Moody‘s, BB by Standard & Poor’s and BB by Fitch. (Reporting By Michael Turner, editing by Anil Mayre)