Hungary ’s ÁKK Prepares For Dollar Bond Issue
- 19 Mar 2014 8:00 AM
Hungary has mandated four banks to lead-manage a US dollar bond issue, the government debt management agency (ÁKK) told MTI. The banks are BNP Paribas, Citi, Deutsche Bank Securities and JP Morgan Securities. Citing an SEC filing, Reuters reported that the mandate was for the sale of five- and ten-year bonds.
Thomson Reuters financial news service IFR said Hungary set initial price guidance at 287.5 basis points over US Treasuries for the 5-year paper and at plus 312.5 basis points for the ten-year issue. Hungary last issued a dollar bond in November, selling 2 billion US dollars of a ten-year paper.
Source www.hungarymatters.hu
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