Equity
Bloomberg: OTP may launch two large foreign currency bond issues this year
Yesterday, OTP issued EUR 600 million of 5-year bonds, 230 basis points above the midswap, its first intraday issue.
Sándor Pataki, head of investor relations and capital markets operations, told Bloomberg that OTP plans to issue €1.5-1.6 billion of bonds this year.
After yesterday's issuance, OTP would raise the remaining amount of nearly €1 billion of the annual plan from two issuances.
The bank has not yet decided whether to issue bonds in euros or dollars, as there is investor interest in both, with potential investors also interested in longer-dated bonds.
