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Azerbaijan opens books on 10-year debut Eurobond

Business
14:30 | 10.03.2014
Azerbaijan opens books on 10-year debut Eurobond

Azerbaijan opens books on 10-year debut Eurobond

The Republic of Azerbaijan has opened books on its 10-year debut Eurobond offering, according to market sources.

The sovereign, rated Baa3/BBB- by Moody's/Fitch, has set initial price thoughts of low/mid 200bp over US Treasuries on the benchmark-sized bond.

Barclays, Citigroup and Deutsche Bank are the lead managers on the 144A/Reg S issue, which is expected to launch and price today. 

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