Chicago, May 12 – Hungarian Export-Import Bank (Hungarian Eximbank) listed a $1.25 billion 6 1/8% bond that priced at 99.241 with a yield of 6.32% (//BBB) in London, according to multiple press releases.
The bonds priced at Treasuries plus 280 basis points.
There were 150 accounts in the order book for the Rule 144A and Regulation S deal.
ICBC, IMI-Intesa Sanpaolo and JPMorgan were bookrunners.
Investor meetings started April 21 for the issue.
Proceeds will be used to replace existing funds and for general financing purposes.
Hungarian Eximbank is based in Budapest.
| Issuer: | Hungarian Export-Import Bank
|
| Amount: | $1.25 billion
|
| Issue: | Bonds
|
| Maturity: | December 12, 2027
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| Bookrunners: | ICBC, IMI-Intesa Sanpaolo and JPMorgan
|
| Coupon: | 6 1/8%
|
| Price: | 99.241
|
| Yield: | 6.32%
|
| Spread: | Treasuries plus 280 bps
|
| Trade date: | April 26
|
| Ratings: | Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
| Marketing: | Investor meetings
|
| ISIN: | US55977YAA64, XS2618838564
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