By Marisa Wong
Madison, Wis., Oct. 29 – MFB Hungarian Development Bank plc priced an additional HUF 10 billion of floating-rate bonds due Dec. 14, 2016, according to a Magyar Fejlesztesi Bank filing with the London Stock Exchange.
The issuer placed the additional bonds on Wednesday with Bank of Hungarian Savings Cooperatives Co. Ltd. as arranger.
As previously reported, the issuer placed on Oct. 8 HUF 5 billion of the floating-rate bonds due Dec. 14, 2016, along with HUF 5 billion of 2.4% bonds due Oct. 19, 2016.
The floaters bear interest at Bubor plus 34 basis points, payable quarterly.
The issuer is based in Budapest.
| Issuer: | MFB Hungarian Development Bank plc
|
| Issue: | Floating-rate bonds
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| Total amount: | HUF 15 billion (up from HUF 5 billion)
|
| Maturity: | Dec. 14, 2016
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| Coupon: | Bubor plus 34 bps, payable quarterly
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| Bookrunner: | Bank of Hungarian Savings Cooperatives Co. Ltd.
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| Pricing dates: | Oct. 6 for HUF 5 billion, Oct. 28 for HUF 10 billion
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| Settlement dates: | Oct. 8 for HUF 5 billion, Oct. 29 for HUF 10 billion
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