By Aaron Hochman-Zimmerman
New York, June 5 - The Republic of Hungary (A2/BBB+/BBB) priced €1.5 billion 10-year bonds at 99.54 with a coupon of 5¾% to yield mid-swaps plus 98 basis points, according to a press release.
The deal came tighter than talk of mid-swaps plus 100 bps to 105 bps.
BNP Paribas, Citigroup and ING acted as bookrunners for the deal.
Proceeds will be used for general financing purposes.
| Issuer: | Republic of Hungary
|
| Amount: | €1.5 billion
|
| Issue: | Global bonds
|
| Maturity: | June 11, 2018
|
| Coupon: | 5¾%
|
| Price: | 99.54
|
| Spread: | Mid-swaps plus 98 bps
|
| Bookrunners: | BNP Paribas, Citigroup, ING
|
| Pricing date: | June 5
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: BBB+
|
| Fitch: BBB
|
| Price talk: | Mid-swaps plus 100 bps to 105 bps
|
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