By Marisa Wong
Los Angeles, Nov. 28 – OTP Bank Nyrt priced €650 million of 3.25-year non-callable 2.25-year senior preferred notes at 99.998, according to a notice on Monday.
According to a notice last Wednesday, the bank had expected to price €500 million of the notes.
J.P. Morgan SE, Deutsche Bank, Erste Group, OTP Bank and Unicredit are the managers.
The Regulation S notes will be listed on the Luxembourg exchange.
The commercial bank is based in Budapest.
| Issuer: | OTP Bank Nyrt
|
| Amount: | €650 million
|
| Issue: | Senior preferred notes
|
| Maturity: | 3.25 years
|
| Managers: | J.P. Morgan SE, Deutsche Bank, Erste Group, OTP Bank and Unicredit
|
| Price: | 99.998
|
| Call option: | Non-callable for 2.25 years
|
| Announcement date: | Nov. 28
|
| Listing: | Luxembourg
|
|
|
| Distribution: | Regulation S
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
