By Emese Bartha
Estonia issued 1 billion euros ($1.17 billion) in new May 2036-dated bonds via a bank syndicate on Thursday, one of the lead manager banks said.
Orderbooks for the new issue closed above 2.2 billion euros, including 150 million euros in joint lead-manager interest, slightly less than the more 2.5 billion of demand indicated during the bookbuilding process, the same bank said.
The bond has a 3.50% coupon. The spread on the bond was set at mid-swaps plus 60 basis points, the same bank said. The bond was priced at 99.098, at a yield of 3.609%.
Lead managers of the issue were DZ Bank, HSBC and J.P. Morgan.
Write to Emese Bartha at emese.bartha@wsj.com
(END) Dow Jones Newswires
05-07-26 1130ET