Hungary, Slovenia to Sell Bonds Amid Lull in Crimea Selloff
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Hungary is selling $3 billion of bonds and Slovenia picked banks for its second offering this year to seize on a drop in borrowing costs amid a respite in the emerging-market selloff triggered by the crisis in Ukraine.
Hungary’s $1 billion of five-year notes launched at 260 basis points above similar-maturity Treasuries, while the spread on $2 billion of 10-year bonds was 287.5 basis points, a person familiar with the offering said. Slovenia’s Finance Ministry said it chose banks to arrange investor meetings next week, before a possible sale of euro-denominated securities.