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Montenegro sets final talk in 5 5/8% area for five-year euro notes; pricing expected Tuesday
By Christine Van Dusen
Atlanta, May 13 - Montenegro set final talk in the 5 5/8% area for its offering of euro-denominated five-year notes (Ba3/BB-/), a market source said.
Talk was initially set at a minimum of 5½% and then revised to the high-5% area.
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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