New Issue: MFB Hungarian Development sells HUF 13.18 billion 3% bonds due 2027

By Rebecca Melvin

Concord, N.H., Oct. 6 – MFB Hungarian Development Bank Private Ltd. Co. priced HUF 13.18 billion 3% six-year bonds for an average annual yield of 3.31%, according to a notice on Wednesday.

The dealers were 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.

The bonds were auctioned on Monday and settled on Wednesday. They will be listed on the Budapest Stock Exchange.

MFB Hungarian Development Bank is a state-owned lender.

Issuer:	MFB Hungarian Development Bank Private Ltd. Co.
Issue:	Bonds
Amount:	HUF 13,175,000,000
Maturity:	Oct. 27, 2027
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:	3%
Yield:	3.31%
Auction date:	Oct. 4
Settlement date:	Oct. 6

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.