Hungary mandates ABN Amro, UBS Securities for euro benchmark bonds

By Reshmi Basu

New York. Feb. 8 - The Republic of Hungary has mandated ABN Amro and UBS Securities to lead a euro-denominated benchmark 15-year bond offering, according to a market source.

No timing has been given for the proposed issue.

Stabilization will be conducted in accordance with applicable laws including FSA/IPMA.

On Jan. 27, Hungary priced its upsized $1.5 billion 10-year global bonds (A1/A-) at 99.669 to yield 57 basis points over Treasuries.

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