Hungary's Magyar Eximbank plans long 5-yr USD bond

Wed Dec 5, 2012 6:15am EST

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LONDON, Dec 5 (IFR) - Hungary's Magyar Export-Import Bank, rated Ba1/BB/BB+, is planning to issue a long 5-year US dollar-denominated bond.

The issuer, which is wholly owned by the Republic of Hungary, has set initial price guidance for the new note in the 5.875% area.

Deutsche Bank and Jefferies are the leads on the transaction. (Reporting by Davide Scigliuzzo; Editing by Sudip Roy)