Published on 1/29/2015 in the Prospect News Emerging Markets Daily.
New Issue: Hungary’s OTP Mortgage sells €500 million notes due 2017 at Euribor plus 65 bps
By Christine Van Dusen
Atlanta, Jan. 29 – Hungary’s OTP Mortgage Bank Ltd. printed €500 million two-year floating-rate notes (Baa2) at par to yield Euribor plus 65 basis points, matching talk, a market source said.
BNP Paribas was the bookrunner for the deal.
OTP is a lender based in Budapest.
| Issuer: | OTP Mortgage Bank Ltd.
|
| Amount: | €500 million
|
| Maturity: | Feb. 5, 2017
|
| Description: | Floating-rate notes
|
| Bookrunner: | BNP Paribas
|
| Coupon: | Euribor plus 65 bps
|
| Price: | Par
|
| Yield: | Euribor plus 65 bps
|
| Trade date: | Jan. 29
|
| Settlement date: | Feb. 5
|
| Rating: | Moody’s: Baa2
|
| Price talk: | Euribor plus 65 bps
|
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