The main characteristics of the transaction:

Amount:   EUR 1.5 Billion
Maturity:  June 11, 2018
Coupon:   5,75% p.a.
Issue price:  99,54%
Spread: 10-year euro midswap + 98 bps
   

The transaction attracted significant demand (more than 140 investors) even from countries and regions (e.g. Spain, Italy and Asia), where investors have not been considered as traditional buyers of Republic of Hungary bonds. The largely oversubscribed book enabled the leads to price the bond through the original price guidance.

The proceeds will be used for general financing purposes.