Published on 2/25/2005 in the Prospect News Emerging Markets Daily.
New Issue: Hungary's OTP Bank sells €125 million 10-year notes at Euribor plus 55 bps
By Reshmi Basu
New York, Feb. 25 - OTP Bank Rt. priced €125 million 10-year floating-rate notes at par to yield Euribor plus 55 basis points, according to a market source.
JP Morgan ran the deal.
OTP is the largest financial institution in Hungary. It is also known as the National Savings and Commercial Bank Ltd., Hungary.
| Issuer: | OTP Bank Rt.
|
| Amount: | €125 million
|
| Issue: | Floating-rate notes
|
| Maturity: | March 4, 2015
|
| Coupon: | Euribor plus 55 basis points
|
| Issue price: | Par
|
| Yield: | Euribor plus 55 basis points
|
| Pricing date: | Feb. 24
|
| Settlement date: | March 4
|
| Bookrunner: | JP Morgan
|
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