New Issue: Hungarian Development Bank sells HUF 38.08 billion of bonds due 2023, 2027

By Mary-Katherine Stinson

Lexington, Ky., Nov. 4 – MFB Hungarian Development Bank Private Ltd. Co. sold HUF 38,081,000,000 of domestic bonds in two parts, due 2023 and 2027, according to an announcement.

The HUF 3,171,000,000 No. 3 tranche of 2023 bonds priced with a 1% coupon for an average yield of 2.46% annually.

The HUF 34,910,000,000 No. 4 tranche of 2027 bonds priced with a 3% coupon for an average yield of 3.91% annually.

Erste Bank Hungary Ltd., ING Bank NV Hungary Branch, MKB Bank plc, MTB Bank of Hungarian Saving Cooperatives Co. Ltd., OTP Bank plc, Raiffeisen Bank Hungary and UniCredit Bank Hungary Ltd. are the bookrunners.

Listing will be on the Budapest Stock Exchange.

The state-owned lender is based in Budapest.

Issuer:	MFB Hungarian Development Bank Private Ltd. Co.
Issue:	Bonds
Amount:	HUF 38,081,000,000
Bookrunners:	Erste Bank Hungary Ltd., ING Bank NV Hungary Branch, MKB Bank plc, MTB Bank of Hungarian Saving Cooperatives Co. Ltd., OTP Bank plc, Raiffeisen Bank Hungary and UniCredit Bank Hungary Ltd.
Pricing date:	Nov. 2
Settlement date:	Nov. 4
Listing:	Budapest Stock Exchange
2023 bonds
Amount:	HUF 3,171,000,000
Maturity:	Nov. 24, 2023
Coupon:	1%
Average yield:	2.46%
ISIN:	HU0000359138
2027 bonds
Amount:	HUF 34,910,000,000
Maturity:	Oct. 27, 2027
Coupon:	3%
Average yield:	3.91%
ISIN:	HU0000357892

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