Published on 4/25/2018 in the Prospect News Emerging Markets Daily.
New Issue: Magyar Fejlesztesi Bank sells HUF 19.52 billion 1% bonds due 2019 to yield 0.24%
By Susanna Moon
Chicago, April 25 – Magyar Fejlesztesi Bank (Hungarian Development Bank plc) issued HUF 19.52 billion of 1% bonds due 2019 at an average yield of 0.24%, according to a notice from the issuer.
Erste Bank Hungary 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 19,522,000,000
|
| Maturity: | June 24, 2019
|
| Dealers: | Erste Bank Hungary 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%, payable annually
|
| Average yield: | 0.24%
|
| Auction date: | April 23
|
| Settlement date: | April 25
|
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