New Issue: MFB Hungarian Development sells HUF 19.5 billion notes in two parts

By Susanna Moon

Chicago, Oct. 21 – Magyar Fejlesztesi Bank said MFB Hungarian Development Bank plc sold HUF 19.5 billion of bonds in two tranches.

The bank priced HUF 14,499,990,000 of 1.875% notes due April 16, 2018 for an average yield of 1.99%.

The bank also priced HUF 5 billion of 2.4% notes due Jan. 20, 2021 for an average yield of 3.04%.

The dealers are FHB Commercial Bank Ltd., UniCredit Bank Hungary Zrt., ING Bank NV, Hungary Branch and Bank of Hungarian Savings Cooperatives Co. Ltd.

The issuer is based in Budapest.

Issuer:	MFB Hungarian Development Bank plc
Issue:	Bonds
Amount:	HUF 19.5 billion
Dealers:	FHB Commercial Bank Ltd., UniCredit Bank Hungary Zrt., ING Bank NV, Hungary Branch and Bank of Hungarian Savings Cooperatives Co. Ltd.
Auction date:	Oct. 19
Settlement date:	Oct. 21
Tranche 1
Amount:	HUF 14,499,990,000
Maturity:	April 16, 2018
Coupon:	1.875%
Average yield:	1.99%
Tranche 2
Amount:	HUF 5 billion
Maturity:	Jan. 20, 2021
Coupon:	2.4%
Average yield:	3.04%

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