By Jennifer Chiou
New York, Oct. 8 – MFB Hungarian Development Bank plc privately placed a total of HUF 10 billion of bonds with Magyar Takarékszövetkezeti Bank Zártkörűen Működő Részvénytársaság (Bank of Hungarian Savings Cooperatives Co. Ltd.) as arranger.
According to a Magyar Fejlesztesi Bank filing with the London Stock Exchange, the issuer priced HUF 5 billion of 2.4% bonds due Oct. 19, 2016 and HUF 5 billion of floating-rate bonds due Dec. 14, 2016.
Interest is payable annually for the fixed-rate securities. The floaters bear interest at Bubor plus 34 bps, payable quarterly.
The issuer is based in Budapest.
| Issuer: | MFB Hungarian Development Bank plc
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| Issue: | Bonds
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| Total amount: | HUF 10 billion
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| Bookrunner: | Bank of Hungarian Savings Cooperatives Co. Ltd.
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| Pricing date: | Oct. 6
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| Settlement date: | Oct. 8
|
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| Fixed-rate bonds
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| Amount: | HUF 5 billion
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| Coupon: | 2.4%, payable annually
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| Maturity: | Oct. 19, 2016
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|
|
| Floating-rate bonds
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| Amount: | HUF 5 billion
|
| Coupon: | Bubor plus 34 bps, payable quarterly
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| Maturity: | Dec. 14, 2016
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