Economy
New bond issue - Hungary prices EUR 1 bn 2011 bond
Following are terms and conditions of a bond offered on Monday. (Reuters)
Borrower Republic of Hungary
Issue Amount 1.0 billion euro
Maturity Date October 28, 2011
Coupon 3.625%
Issue price 99.454
Reoffer price 99.454
Spread 12 basis points
Underlying govt bond Over mid-swaps, equivalent to 27.3 bp over the 5.0% July 2011 Bund
Payment Date October 28, 2004
Lead Manager(s) Dresdner Kleinwort Wasserstein & JP Morgan
Ratings A1 (Moody's), A- (S&P), A- (Fitch)
Listing Lux
Full fees 0.10%, (0.10% M&U)
Denoms (K) 1-10-100
Governing Law English
Negative pledge Yes
Force Majeure Yes
Cross Default No
Data supplied by International Insider.
Borrower Republic of Hungary
Issue Amount 1.0 billion euro
Maturity Date October 28, 2011
Coupon 3.625%
Issue price 99.454
Reoffer price 99.454
Spread 12 basis points
Underlying govt bond Over mid-swaps, equivalent to 27.3 bp over the 5.0% July 2011 Bund
Payment Date October 28, 2004
Lead Manager(s) Dresdner Kleinwort Wasserstein & JP Morgan
Ratings A1 (Moody's), A- (S&P), A- (Fitch)
Listing Lux
Full fees 0.10%, (0.10% M&U)
Denoms (K) 1-10-100
Governing Law English
Negative pledge Yes
Force Majeure Yes
Cross Default No
Data supplied by International Insider.
