Published on 8/30/2012 in the Prospect News Emerging Markets Daily.
New Issue: Hungary's OTP sells €510 million notes due 2015 at 400 bps over Euribor
By Aleesia Forni
Columbus, Ohio, Aug. 30 - OTP Mortgage Bank Ltd. priced €510 million floating-rate notes due March 2015 at 400 bps over the three-month Euribor, a syndicate source said.
BNP Paribas acted as the bookrunner on the deal.
OTP Mortgage Bank is a subsidiary of Budapest-based OTP Bank.
| Issuer: | OTP Mortgage Bank Ltd.
|
| Issue: | Floating-rate notes
|
| Amount: | €510 million
|
| Maturity: | March 6, 2015
|
| Bookrunners: | BNP Paribas
|
| Interest rate: | 400 bps over three-month Euribor
|
| Price: | Par
|
| Yield: | 400 bps over three-month Euribor
|
| Trade date: | Aug. 30
|
| Settlement date: | Sept. 6
|
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