Czech Republic To Price 2022 Euro Bond At Swaps +1.60

The Czech Republic is to price its benchmark-size, euro-denominated bond, maturing May 2022, at 160 basis points over midswaps, one of the banks running the deal said Monday.

This is at the tighter end of price guidance, which was revised to 160-165 basis points over midswaps from around 170 basis points initially.

Barclays Capital PLC, Ceska Sporitelina, a unit of Erste Group Bank AG, Societe Generale SA and UniCredit SpA are the lead managers of the sale.

The country is rated A1 by Moody's Investors Service Inc., AA- by Standard & Poor's Corp. and A+ by Fitch Ratings.

-By Ben Edwards, Dow Jones Newswires; 44-20-7842-9287; ben.edwards@dowjones.com