Economy
Hungary to issue 7-yr JPY 25 bn Samurai bond at yield guidance of 5-15 bps above mid-swaps
On 10 February, Hungary mandated Daiwa Securities SMBC and Nikko Citigroup as joint bookrunners for the issue.
Pricing of the bond is expected in the first half of March.
Hungary is rated 'A-' by Standard & Poor's; 'A1' by Moody's Investors Service; and 'BBB+' by Fitch Ratings.
A downgrade by the Japan Credit Rating Agency (JCR) does not affect the guidance, given that the JCR cut Hungary's forint-denominated long-term debt rating A from A+. This is between Moody's A1 and Standard & Poor's A- rating.
JCR affirmed the A/Stable and A ratings on Hungary's foreign currency long-term senior debts and the bonds, respectively.
Pricing of the bond is expected in the first half of March.
Hungary is rated 'A-' by Standard & Poor's; 'A1' by Moody's Investors Service; and 'BBB+' by Fitch Ratings.
A downgrade by the Japan Credit Rating Agency (JCR) does not affect the guidance, given that the JCR cut Hungary's forint-denominated long-term debt rating A from A+. This is between Moody's A1 and Standard & Poor's A- rating.
JCR affirmed the A/Stable and A ratings on Hungary's foreign currency long-term senior debts and the bonds, respectively.
