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Hungarian Development Bank launches €750 million five-year notes at mid-swaps plus 180 bps
By Rebecca Melvin
New York, June 17 – MFB Hungarian Development Bank launched a €750 million offering of five-year notes with a final spread of mid-swaps plus 180 basis points on Wednesday, according to a market source. Final pricing was expected later in the session.
The spread was set tight to guidance that was in the mid-swaps plus 190 bps area and initial price talk for a yield in the area of mid-swaps plus 210 bps.
The order books closed north of €1.7 billion when guidance was released.
Erste Group, ING and JPMorgan are joint lead managers and joint bookrunners of the Regulation S offering.
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