Hungary’s OTP Bank arranges for upcoming senior preferred offering

Chicago, Sept. 26 – Hungary’s OTP Bank Nyrt is preparing for a new euro-denominated senior preferred notes offering (Baa3/Scope: BBB+), according to a market source.

The benchmark deal will consist of notes with a four-year tenor and three years of call protection.

Citigroup, J.P. Morgan, Societe Generale, UniCredit and OTP Bank will be the joint bookrunners.

Distribution will be via Regulation S only.

Investors may participate in one-on-one meetings or listen to a global investor call.

Based in Budapest, OTP is the largest universal banking services provider in Hungary and has significant presence across Central Eastern Europe.

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