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Published on 11/6/2015 in the Prospect News Emerging Markets Daily.

New Issue: Albania prices €450 million 5¾% notes due 2022 at 559 bps spread

By Christine Van Dusen

Atlanta, Nov. 6 – Albania priced €450 million 5¾% seven-year notes at 99.472 to yield mid-swaps plus 559 basis points on Friday, according to an announcement from the sovereign.

Deutsche Bank and JPMorgan were the bookrunners for the deal.

Issuer:Albania
Amount:€450 million
Maturity:Nov. 12, 2022
Description:Notes
Bookrunners:Deutsche Bank, JPMorgan
Coupon:5¾%
Price:99.472
Spread:Mid-swaps plus 559 bps
Trade date:Nov. 6
Settlement date:Nov. 12
Distribution:Regulation S

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