Reuters learned that Hungary set initial price thoughts on the new 10-year US dollar benchmark note at 350bp-360bp over US Treasuries. Hungary will look to price the bond later today, according to the news service.
Earlier this month, National Economy Minister Mihály Varga stated that Hungary wanted to raise about $2 billion on international bond markets before year’s end. At that time, he said the next forex bond issuance would probably be in dollars.
Hungary last issued 10-year dollar-based bonds in February this year when it sold $2 billon of 10-year papers at 345 basis points over the corresponding US treasuries. Parallel with the 10-year issue, it also sold $1.25 billion of five-year bonds, which were issued at 335 basis points over the benchmark.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
