Albania sets price talk at 7½% for up to €400 million five-year bonds

By Christine Van Dusen

Atlanta, Oct. 26 - Albania set guidance for its planned issue of up to €400 million in five-year bonds at 7½%, in line with recent price whispers, a market source said Tuesday.

Deutsche Bank and JPMorgan are the bookrunners for the Regulation S-only deal, which is expected to price during the Oct. 25 week.

The offering follows the sovereign's May announcement that it would delay a dollar-denominated issue of notes via JPMorgan and Deutsche Bank. At the time, a source said current market conditions were to blame.

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