By Cristal Cody
Chicago, Sept. 14 – Hungary sold $4.25 billion of bonds in two parts on Tuesday, according to a market source.
The country sold $2.25 billion of 2 1/8% 10-year bonds with a spread of Treasuries plus 100 basis points, low to talk in the Treasuries plus 130 bps area.
A $2 billion 30-year tranche was sold with a 3 1/8% coupon for a spread of Treasuries plus 150 bps, 30 bps lower than talk in the Treasuries plus 180 bps area.
BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are the bookrunners.
Fixed-income investor calls were held on Monday in the United States, Europe and Asia for the offering that also includes euro-denominated notes.
| Issuer: | Hungary
|
| Issue: | Bonds
|
| Amount: | $4.25 billion
|
| Bookrunners: | BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC
|
| Trade date: | Sept. 14
|
| Marketing: | Investor call
|
|
|
| 10-year bonds
|
| Amount: | $2.25 billion
|
| Maturity: | Sept. 22, 2031
|
| Coupon: | 2 1/8%
|
| Spread: | Treasuries plus 100 bps
|
| Price talk: | Treasuries plus 130 bps area
|
|
|
| 30-year bonds
|
| Amount: | $2 billion
|
| Maturity: | Sept. 21, 2051
|
| Coupon: | 3 1/8%
|
| Spread: | Treasuries plus 150 bps
|
| Price talk: | Treasuries plus 180 bps area
|
|
|
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