Hungary’s USD 3BN Bond Almost Five Times Oversubscribed
- 20 Mar 2014 12:00 AM
Hungary’s 3 billion dollar issue of fiveand ten-year dollar bonds was five times oversubscribed, the Government Debt Management Agency (ÁKK) said late on Tuesday. ÁKK sold 1 billion dollars of the 4% fixed-rate five-year bonds at 260 basis points over US Treasuries.
It sold 2 billion dollars of the 5.375% fixed-rate ten-year bonds at 287.5 basis points over the benchmark. The ÁKK said it would use the proceeds from the sale for “general financing purposes”.
Source www.hungarymatters.hu
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