Published on 10/10/2013 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Hungarian Development Bank sells $750 million 6¼% notes due 2020 at 424.1 bps spread
By Christine Van Dusen
Atlanta, Oct. 10 - Hungarian Development Bank priced $750 million of 6¼% notes due Oct. 21, 2020 at 99.481 to yield mid-swaps plus 424.1 basis points, a market source said.
The notes were talked at a spread in the 440 bps area.
Citigroup, Deutsche Bank and JPMorgan were the bookrunners for the Rule 144A and Regulation S offering.
| Issuer: | Hungarian Development Bank
|
| Amount: | $750 million
|
| Maturity: | Oct. 21, 2020
|
| Description: | Notes
|
| Bookrunners: | Citigroup, Deutsche Bank, JPMorgan
|
| Coupon: | 6¼%
|
| Price: | 99.481
|
| Spread: | Mid-swaps plus 424.1 bps
|
| Trade date: | Oct. 10
|
| Settlement date: | Oct.21
|
| Distribution: | Rule 144A/Regulation S
|
| Price talk: | Mid-swaps plus 440 bps area
|
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