Hungary to sell $100 million two-year floating-rate notes this week

By Reshmi Basu

New York, Dec. 6 - The Republic of Hungary plans to sell $100 million of floating-rate notes (A1/A-) this week, according to a market source.

The notes will mature on Dec. 15, 2006.

Deutsche Bank and Morgan Stanley are running the deal.

The settlement date will be Dec. 15.

Hungary is also expected to tap the market with $500 million of fixed-rate global bonds due 2015 in January. Deutsche Bank and Morgan Stanley are also running that deal.

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