By Aaron Hochman-Zimmerman
New York, April 16 -The Republic of Hungary (A2/BBB+/BBB+) priced 350 million Swiss francs of bonds in two tranches, according to a press release.
It priced a 150 million Swiss franc five-year bond at 100.197 with a coupon of 3½% and a spread of Swiss franc Libor plus 50 basis points.
A 200 million Swiss franc eight-year bond was priced at 100.461 with a coupon of 4% and a spread of Swiss franc Libor plus 75 bps.
ABN Amro and Credit Suisse were the bookrunners for the deal.
Proceeds will be used for general financing purposes.
| Issuer: | Republic of Hungary
|
| Amount: | 350 million Swiss francs
|
| Bookrunners: | ABN Amro, Credit Suisse
|
| Pricing date: | April 15
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: BBB+
|
| Fitch: BBB+
|
|
|
| Amount: | 150 million Swiss francs
|
| Issue: | Bonds
|
| Maturity: | May 21, 2013
|
| Coupon: | 3½%
|
| Price: | 100.197
|
| Spread: | Swiss franc Libor plus 50 bps
|
|
|
| Amount: | 200 million Swiss francs
|
| Issue: | Bonds
|
| Maturity: | May 20, 2016
|
| Coupon: | 4%
|
| Price: | 100.461
|
| Spread: | Swiss franc Libor plus 75 bps
|
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