Published on 6/10/2020 in the Prospect News Emerging Markets Daily.
New Issue: Albania prices €650 million 3.65% seven-year notes at 99.239
By Rebecca Melvin
New York, June 10 – The Republic of Albania, through its Minister of Finance and Economy, priced €650 million of 3.65% seven-year notes at 99.239, according to market sources on Wednesday.
The Rule 144A and Regulation S notes were initially talked to yield in the area of 4 1/8%.
Banca IMI, Citigroup, JPMorgan and Raiffeisen Bank were joint bookrunners of the issue, which is to be listed on the Irish Stock Exchange.
| Issuer: | Albania
|
| Amount: | €650 million
|
| Maturity: | 2027
|
| Description: | Notes
|
| Bookrunners: | Banca IMI, Citigroup, JPMorgan and Raiffeisen Bank
|
| Coupon: | 3.65%
|
| Price: | 99.239
|
| Trade date: | June 10
|
| Price talk: | 4 1/8% area
|
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