LONDON, April 10 (IFR) - Romania has set guidance for a
dual-tranche euro offering, according to a lead.
The sovereign has revised pricing for a new 10-year
benchmark bond to 175bp-180bp over mid-swaps, after initially
marketing the notes at 185bp area over.
Romania has set guidance for a reopening of its €1.25bn
3.875% notes due October 2035 at a yield of 3.60% area. That
compares to an initial marketing level of 3.65% area.
The aggregate order books are over €2.75bn, with a skew to
the 10-year. The books are open for today's business via
Barclays, Citigroup, Erste Group, ING and Societe Generale.
Romania is rated Baa3/BBB-/BBB-.
(Reporting by Robert Hogg; editing by Sudip Roy)