By Emese Bartha

Estonia raised 1 billion euros ($998.6 million) in October 2032-dated bonds, drawing demand of close to twice the issue size in a syndicated deal on Wednesday, one of the lead manager banks said.

The spread on the bond was set 105 basis points above mid-swaps, while final books were in excess of EUR1.8 billion, excluding interest from the joint lead managers, the same bank said. The bond, which has a 4.00% coupon, was priced at 99.814, at a yield of 4.023%, the same bank said.

Lead managers of the transaction were Citi, Goldman Sachs Bank Europe and Societe Generale.

Write to Emese Bartha at emese.bartha@wsj.com

(END) Dow Jones Newswires

October 05, 2022 11:50 ET (15:50 GMT)