LONDON, June 7 (IFR) - Romania has set the yield at 5.20% for a new 30-year US dollar bond offering, according to a lead.
The sovereign initially started marketing the notes at 5.40% area, before guidance was set at 5.25% area.
The pre-reconciled order books for the bond are over US$1.8bn.
In conjunction with the bond transaction, Romania is conducting a concurrent switch and tender offer on its US dollar 6.75% notes due 2022.
The size of the new bond across the switch and new money is expected to be US$1bn.
Romania is rated Baa3/BBB-/BBB-. Citigroup, Deutsche Bank, HSBC, JP Morgan and UniCredit are joint lead managers. (Reporting by Robert Hogg; editing by Sudip Roy)