LONDON, Oct 4 (IFR) - The Republic of Hungary has set guidance for euro-denominated notes due October 2027 at 110bp over mid-swaps (+/-5bp), according to a lead.
The bonds were initially marketed at plus 125bp area.
The order books are above €4bn and go subject at 1pm UK time.
The trade is for today’s business via BNP Paribas, Citigroup, Deutsche Bank and ING.
The sovereign is rated Baa3/BBB-/BBB-. (Reporting by Robert Hogg; editing by Sudip Roy)