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OTP Bank prices €300 mln 10-year bond at par

OTP Bank Nyrt will issue a 10-year €300 million bond at par and the reoffer price is also the same as face value, Dow Jones Newswires reported on Tuesday, citing the pricing announcement in London.

Lead-managed by Calyon and Citigroup, the bond will bear a 5.27% coupon and has a spread of 120 basis points over mid-swaps. Maturing on September 19, 2016, the bond will be listed in Luxembourg.