On April 15, 2008 the Republic of Hungary launched a two-tranche Swiss Franc bond totalling CHF 350 million. The CHF 150 million 5-year paper pays a fixed coupon of 3.5% p.a., while the coupon on the CHF 200 million 8-year bond is fixed at 4% p.a. The bonds were priced at 50 and 75 basis points above CHF Libor respectively.

 

Tranche # 1
Amount:   CHF 150 million
Tenor:  5 years
Maturity:  May 21, 2013
Coupon:   3.5% p.a.
Issue price:  100.197 %
Spread:  CHF Libor + 50 bps

 

Tranche # 2
Amount:   CHF 200 million
Tenor:  8 years
Maturity:  May 20, 2016
Coupon:   4% p.a.
Issue price:  100.461 %
Spread:  CHF Libor + 75 bps

 

The deal was lead managed by ABN AMRO Bank N.V. and Credit Suisse. The proceeds will be used for general financing purposes.