New Issue: Hungarian Development Bank sells HUF 24.58 billion 4˝% bonds due 2027

By Rebecca Melvin

Concord, N.H., Dec. 15 – MFB Hungarian Development Bank Private Ltd. Co. sold HUF 24,575,000,000 of 4˝% domestic bonds due 2027, according to an announcement.

The bonds’ first coupon date is April 22, 2023, and the paper has an average yield of 4.59%.

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.

The bonds will be listed on the Budapest Stock Exchange.

The state-owned lender is based in Budapest.

Issuer:	MFB Hungarian Development Bank Private Ltd. Co.
Amount:	HUF 24,575,000,000
Issue:	Bonds
Maturity:	April 22, 2027
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.
Coupon:	4˝%
Average yield:	4.59%
Auction date:	Dec. 13
Settlement date:	Dec. 15
Listing:	Budapest Stock Exchange
ISIN:	HU0000361092

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