New Issue: Montenegro prices €180 million 7¼% notes due 2016 to yield 7 3/8%

By Christine Van Dusen

Atlanta, April 1 - Montenegro priced €180 million 7¼% notes due April 8, 2016 (Ba3) at 99.492 to yield 7 3/8%, a market source said.

HSBC and JPMorgan were the bookrunners for the Regulation S-only deal, which priced in line with talk, set at the 7 3/8% area.

Issuer:	Montenegro
Amount:	€180 million
Maturity:	April 8, 2016
Description:	Notes
Bookrunners:	HSBC, JPMorgan
Coupon:	7¼%
Price:	99.492
Yield:	7 3/8%
Trade date:	April 1
Settlement date:	April 8
Rating:	Moody's: Ba3
Distribution:	Regulation S only
Price talk:	7 3/8% area

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