By Aleesia Forni
Columbus, Ohio, Feb. 12 - Hungary priced $3.25 billion of notes in two parts on Tuesday, according to a market source.
The deal included a $1.25 billion tranche of five-year notes, which sold at a spread of 335 basis points over Treasuries.
A $2 billion issue of 5.375% 10-year notes was also sold at a spread of 345 bps over Treasuries.
The notes priced at 99.564 to yield 5.432%.
No other details were immediately available Tuesday.
Goldman Sachs International, Deutsche Bank Securities Inc., BNP Paribas and Citigroup Global Markets Inc. were the bookrunners for the transaction.
Hungary held a roadshow Jan. 28 to Feb. 5 ahead of the sale.
| Issuer: | Hungary
|
| Amount: | $3.25 billion
|
| Bookrunners: | Goldman Sachs International, Deutsche Bank Securities Inc., BNP Paribas, Citigroup Global Markets Inc.
|
| Trade date: | Feb. 12
|
| Settlement date: | Feb. 19
|
|
|
| Five-year notes
|
| Amount: | $1.25 billion
|
| Issue: | Notes
|
| Maturity: | 2018
|
| Spread: | Treasuries plus 335 bps
|
|
|
| 10-year notes
|
| Amount: | $2 billion
|
| Issue: | Notes
|
| Maturity: | Feb. 21, 2023
|
| Coupon: | 5.375%
|
| Price: | 99.564
|
| Yield: | 5.432%
|
| Spread: | Treasuries plus 345 bps
|
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