By Rebecca Melvin
Concord, N.H., Jan. 19 – MFB Hungarian Development Bank Private Ltd. Co. issued HUF 49.183 billion of bonds due Jan. 25, 2023 and April 22, 2027, according to a notice on Wednesday.
The HUF 39.583 billion of 2023 bonds priced with a 2% coupon and have an average yield of 4.48%.
The HUF 9.6 billion of 2027 bonds priced with a 4½% coupon and have an average yield of 5.1%.
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.
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.
|
| Amount: | HUF 49.18 billion
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| Issue: | Bonds
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| 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.
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| Auction date: | Jan. 17
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| Settlement date: | Jan. 19
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| Listing: | Budapest Stock Exchange
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| 2023 bonds
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| Amount: | HUF 39.583 billion
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| Maturity: | Jan. 25, 2023
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| Coupon: | 2%
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| Average yield: | 4.48%
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| ISIN: | HU0000360888
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| 2027 bonds
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| Amount: | HUF 9.6 billion
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| Maturity: | April 22, 2027
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| Coupon: | 4½%
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| Average yield: | 5.1%
|
| ISIN: | HU0000361092
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