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Hungary guides pricing on euro notes at mid-swaps plus 85 bps
By Rebecca Melvin
New York, Sept. 25 – The Republic of Hungary guided pricing of its planned euro-denominated offering of notes at a yield of mid-swaps plus 85 basis points, according to a market source on Tuesday.
Pricing was tightened from initial price talk of mid-swaps plus 100 bps.
Investor demand for the deal, which is slated for pricing later Tuesday, has pushed the order book above €2 billion.
Deutsche Bank, Erste Group and JPMorgan are bookrunners for the Regulation S notes.
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