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Hungary to issue 50 bln yen samurai bonds

Hungary has offered 50 billion yen ($425 million) in 1.67% seven-year samurai bonds, joint lead manager Daiwa Securities SMBC announced on Tuesday. Earlier estimates were on a 25 billion yen issue.

 

The samurai bonds - yen bonds issued in Japan by foreign entities - were priced at par. The bonds are scheduled to be issued on March 17 and will mature on March 18, 2013, Portfolio.hu reported. The spread is Libor +10. Nikko Citigroup will also lead manage the issue.