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Montenegro revises guidance for five-year euro notes to high-5% area
By Christine Van Dusen
Atlanta, May 12 - Montenegro revised talk to the high-5% area for its offering of five-year euro-denominated notes (Ba3/BB-/), a market source said.
The notes were initially talked at a minimum of 5½%.
Citigroup, Deutsche Bank and Erste Group are the bookrunners for the Rule 144A and Regulation S deal.
The notes are being offered in conjunction with an exchange and tender offer for Montenegro's existing 2015 and 2016 notes.
Pricing is expected to take place on Tuesday, following Monday's expiration of the tender and exchange.
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