Published on 12/11/2019 in the Prospect News Emerging Markets Daily.
New Issue: MFB Hungarian Development sells HUF 49.02 billion ½% bonds due 2022
By Rebecca Melvin
New York, Dec. 11 – MFB Hungarian Development Bank plc sold HUF 49.02 billion of ½% bonds due Aug. 24, 2022 at an average yield of 0.56%, 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 49.02 billion
|
| Maturity: | Aug. 24, 2022
|
| 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: | ½%
|
| Average yield: | 0.56%
|
| Settlement date: | Dec. 11
|
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