
OTP Bank issued $750M bonds with high demand and low rates.
Last week, OTP Bank issued 750 million USD in subordinated capital (Tier 2) with a record low yield. This bond issuance is the largest in recent years, with bonds maturing in 10.5 years and yielding 286 basis points above the U.S. Treasury. Demand was high, with 2.7 billion USD in orders received, almost three and…