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Published on 6/14/2007 in the Prospect News Emerging Markets Daily.

New Issue: Hungarian Development Bank prices €400 million 4 7/8% notes at mid-swaps plus 9 bps

By Aaron Hochman-Zimmerman

New York, June 14 - Hungarian Development Bank priced a €400 million bond deal with a coupon of 4 7/8% at mid-swaps plus nine basis points.

The state-owned bank is based in Budapest and deals with allocation of public and market resources for development purposes.

Issuer: Hungarian Development Bank

Amount: €400 million

Coupon: 4 7/8%

Spread:Mid-swaps plus 9 bps
Pricing date: June 14

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