Runner-up: OTP Bank


OTP Bank, the Hungarian mortgage bank, broke new ground with the launch of the country's first ever hybrid bank capital issue, a EUR500 million 10-year perpetual upper tier 2 bond. It is also the first public hybrid issue from central and eastern Europe.

Investors flocked to the deal with over EUR2.5 billion worth of orders despite a difficult political situation and two recent transactions from the borrower. In the first week of trading, the bond had tightened by 7-10bp from 221bp over the Bund

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here