Published on 6/19/2019 in the Prospect News Emerging Markets Daily.
New Issue: MFB Hungarian Development sells €59.55 million notes due 2020 to yield negative 0.12%
By Rebecca Melvin
New York, June 19 – MFB Hungarian Development Bank plc sold €59.55 million of 0.01% bonds due June 24, 2020 at an average yield of negative 0.12%, according to a regulatory notice.
Erste Bank Hungary Ltd., FHB Commercial Bank Ltd., ING Bank NV Hungary Branch, MTB Bank of Hungarian Savings Cooperatives Co. Ltd., MKB Bank plc, OTP Bank plc, Raiffeisen Bank Hungary and UniCredit Bank Hungary Ltd. were the dealers for the offering, which was sold by auction.
The issuer is based in Budapest.
| Issuer: | MFB Hungarian Development Bank plc
|
| Issue: | Bonds
|
| Amount: | €59.55 million
|
| Maturity: | June 24, 2020
|
| Dealers: | Erste Bank Hungary Ltd., FHB Commercial Bank Ltd., ING Bank NV Hungary Branch, MTB Bank of Hungarian Savings Cooperatives Co. Ltd., MKB Bank plc, OTP Bank plc, Raiffeisen Bank Hungary and UniCredit Bank Hungary Ltd.
|
| Coupon: | 0.01%
|
| Average yield: | Negative 0.12%
|
| Pricing date: | June 17
|
| Settlement date: | June 19
|
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