By Wendy Van Sickle
Columbus, Ohio, June 24 – MFB Hungarian Development Bank plc privately placed a total of HUF 20 billion of floating-rate bonds, according to a Magyar Fejlesztesi Bank filing with the London Stock Exchange.
The issuer priced an additional HUF 10 billion of floaters due June 28, 2017 as well as HUF 10 billion of floaters due June 24, 2020.
Bank of Hungarian Savings Cooperatives Co. Ltd. was the arranger.
Interest is Bubor plus 34 basis points for the bonds due 2017 and Bubor plus 50 bps for the bonds due 2020; both are payable quarterly.
The issuer is based in Budapest.
| Issuer: | MFB Hungarian Development Bank plc
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| Issue: | Floating-rate bonds
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| Total amount: | HUF 20 billion
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| Bookrunner: | Bank of Hungarian Savings Cooperatives Co. Ltd.
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| Pricing date: | June 23
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| Settlement date: | June 24
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| Floating-rate bonds due 2017
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| Amount: | HUF 10 billion
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| Maturity: | June 28, 2017
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| Coupon: | Bubor plus 34 bps, payable quarterly
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| Floating-rate bonds due 2020
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| Amount: | HUF 10 billion
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| Maturity: | June 24, 2020
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| Coupon: | Bubor plus 50 bps, payable quarterly
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