Magyar Eximbank mandates, tests Hungary appetite
Magyar Export-Import Bank’s fixed income investor meetings in the US and Europe end on Monday (today). A debut Reg S/144A dollar bond may follow, which syndicate officials say would be a tough sell but would provide a good measure of appetite for the Hungary sovereign, which may itself price a deal before the end of the year.
Deutsche Bank and Jefferies arranged the meetings for Magyar Eximbank, which is rated BB/BB+ and is wholly owned by the Hungarian State.
Jefferies is establishing a 2bn Reg S/144A global medium term note programme for the issuer, which will be guaranteed by the Hungarian sovereign. This note will
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