Rare issuer Hungary provides value

摘要

Hungary's first euro deal since 2011 proved popular as investors grabbed the opportunity to buy a bond offering a near-2% yield. Hungary (Baa3/BBB-/BBB-) sold a €lbn 1.75% 10-year note at 98.592 to yield 1.906%. While that was inside the magic 2% level sought by many accounts, it was close enough to generate up to €5.75bn of demand.