The Republic of Hungary has raised $500 million in a sale of notes, Reuters reports. The issue is a reopening of an existing 7.625% bond issue.

The notes carry a coupon rate of 7.625%, and are due to mature on March 29, 2041. BNP Paribas, Deutsche Bank and Citi served as the joint bookrunning managers for the transaction.

Click here for the story from Reuters.