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Hungary to issue ten- and 30-year USD bonds, gives price guidance

Hungary plans to issue a ten-year and a 30-year USD-denominated bond in a global transaction later on Thursday, Dow Jones and Reuters reported, publishing the price guidance set for the bonds.

The 10-year bond could be priced at about 325 basis points over the 10-year US Treasuries, while the pricing guidance for the 30-year bond is about at around 345 basis points over the respective US Treasuries, the press agencies reported.

Hungary's Government Debt Management Agency (AKK) announced earlier on Thursday it had issued a mandate for BNP Paribas, Citi and Deutsche Bank to organise a USD-denominated bond for Hungary.

AKK did not name either the size or the maturity of the bond(s), only said that issue and pricing will be timed depending on market conditions.

The 30-year bond will be the longest foreign bond issued in Hungary's recent history.