Hungary launches USD 3.5-3.75bn in bonds - report.

By bne IntelliNews March 25, 2011
Hungary launched a USD 3bn 10-year bond and between USD 500mn and USD 750mn in 30-year bonds, Reuters reported. The 10-year bond is priced at 310 basis points over U.S. Treasuries and the 30-year bond at 330 basis points. Earlier this year, the US Securities and Exchange Commission (SEC) permitted Hungary to issue treasury bonds worth up to USD 5bn on the US market. The Hungarian authority had previously announced a planned EUR 4bn (USD 5.4bn) financing on the foreign market in 2011 to cover maturing debt and repayments on the EUR 2bn EU-loan package. Last week, the state debt manager mandated BNP Paribas, Citigroup and Deutsche Bank to arrange a series of fixed income investor meetings in Europe and the United States.

Related Articles

Assets of Hungarys investment funds up 3.2% m/m in Feb 2013.

Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more

Hungary's number of employees down 0.6% y/y in Jan 2013.

The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more

Hungarys MVM clears deal for purchasing E.ONs local units.

The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335