On October 25, 2005 the Republic of Hungary launched and priced a €500 million Floating Rate Note. The 7-year note pays a coupon of 3 month Euribor + 0.05% p.a. The deal was lead managed by BNP Paribas and Dresdner Kleinwort Wasserstein.
The main characteristics of the transaction:
Amount: EUR 500 Million
Tenor: 7 years
Maturity: November 2, 2012
Coupon: 3 month Euribor + 0.05 % p.a.
Issue price: 99.869%
This is the second Euro-denominated bond issued by the Republic of Hungary in 2005. Other issues were launched in US dollars, British pound and Japanese yen.
The proceeds will be used for general funding purposes.
October 25, 2005