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MFB sets guidance for €500 mln bond sale

Hungarian state development bank MFB has set initial price guidance for a €500 million five-year bond at 320-330bp over midswaps, Dow Jones reported on Tuesday, citing the banks managing the sale.

Order books are open and the issue, which has a statutory guarantee by the Republic of Hungary, will price later Tuesday.

BNP Paribas SA, ING Groep NV and Societe Generale SA are lead managers on the deal.