Published on 6/20/2019 in the Prospect News Emerging Markets Daily.
New Issue: MFB Hungarian Development sells HUF 20 billion 1½% notes due 2022
By Marisa Wong
Morgantown, W.Va., June 20 – MFB Hungarian Development Bank plc sold HUF 19,999,980,000 of 1½% bonds due Oct. 26, 2022 at an average yield of 1.12%, according to a regulatory notice.
Erste Bank Hungary 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
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| Amount: | HUF 19,999,980,000
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| Maturity: | Oct. 26, 2022
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| Dealers: | Erste Bank Hungary 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: | 1½%
|
| Average yield: | 1.12%
|
| Pricing date: | June 18
|
| Settlement date: | June 20
|
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