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Published on 9/4/2019 in the Prospect News Emerging Markets Daily.

New Issue: MFB Hungarian Development sells HUF 15 billion 0.3% notes

By Marisa Wong

Los Angeles, Sept. 4 – MFB Hungarian Development Bank plc sold HUF 15 billion of 0.3% bonds due April 21, 2021 at an average yield of 0.09%, according to a regulatory notice.

Erste Bank Hungary Ltd., ING Bank NV Hungary Branch, MKB Bank plc, MTB Bank of Hungarian Savings Cooperatives Co. Ltd., 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:HUF 15 billion
Maturity:April 21, 2021
Dealers:Erste Bank Hungary Ltd., ING Bank NV Hungary Branch, MKB Bank plc, MTB Bank of Hungarian Savings Cooperatives Co. Ltd., OTP Bank plc, Raiffeisen Bank Hungary and UniCredit Bank Hungary Ltd.
Coupon:0.3%
Average yield:0.09%
Pricing date:Sept. 2
Settlement date:Sept. 4

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