By Christine Van Dusen
Atlanta, May 24 - Hungarian Development Bank plc priced €500 million notes due May 31, 2016 (Baa3) at mid-swaps plus 320 basis points, a market source said.
The notes priced at the lower end of talk, which was set at mid-swaps plus 320 bps to 330 bps.
BNP Paribas, ING and Societe Generale were the bookrunners for the notes.
Hungarian Development Bank is a commercial banking company based in Budapest.
| Issuer: | Hungarian Development Bank plc
|
| Amount: | €500 million
|
| Maturity: | May 31, 2016
|
| Description: | Notes
|
| Bookrunners: | BNP Paribas, ING, Societe Generale
|
| Spread: | Mid-swaps plus 320 bps
|
| Trade date: | May 24
|
| Settlement date: | May 31
|
| Rating: | Moody's: Baa3
|
| Price talk: | Mid-swaps plus 320 bps to 330 bps
|
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