Published on 11/21/2019 in the Prospect News Emerging Markets Daily.
New Issue: MFB Hungarian Development sells €90 million 0.01% notes due 2021
By Marisa Wong
Los Angeles, Nov. 21 – MFB Hungarian Development Bank plc sold €90 million of 0.01% bonds due Sept. 22, 2021 at an average yield of negative 0.12%, 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
|
| Amount: | €90 million
|
| Maturity: | Sept. 22, 2021
|
| 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: | 0.01%
|
| Average yield: | Negative 0.12%
|
| Pricing date: | Nov. 18
|
| Settlement date: | Nov. 20
|
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