Published on 11/22/2017 in the Prospect News Emerging Markets Daily.
New Issue: Magyar Fejlesztesi Bank sells HUF 12 billion 1.5% five-year bonds to yield 1.28%
By Susanna Moon
Chicago, Nov. 22 – Magyar Fejlesztesi Bank (Hungarian Development Bank plc) issued HUF 12 billion of 1.5% five-year bonds at an average yield of 1.28%, according to a notice from the issuer.
Erste Bank Hungary Ltd., FHB Commercial Bank Ltd., ING Bank NV Hungary Branch, Bank of Hungarian Savings Cooperatives Co. Ltd., MKB Bank Zrt., OTP Bank plc, Raiffeisen Bank Hungary and UniCredit Bank Hungary Ltd. are the dealers.
The bank is based in Budapest.
| Issuer: | Magyar Fejlesztesi Bank (Hungarian Development Bank plc)
|
| Issue: | Bonds
|
| Amount: | HUF 11,999,960,000
|
| Maturity: | Oct. 26, 2022
|
| Dealers: | Erste Bank Hungary Ltd., FHB Commercial Bank Ltd., ING Bank NV Hungary Branch, Bank of Hungarian Savings Cooperatives Co. Ltd., MKB Bank Zrt., OTP Bank plc, Raiffeisen Bank Hungary and UniCredit Bank Hungary Ltd.
|
| Coupon: | 1.5%, payable annually
|
| Average yield: | 1.28%
|
| Auction date: | Nov. 20
|
| Settlement date: | Nov. 22
|
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