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Published on 10/2/2023 in the Prospect News Emerging Markets Daily.

Hungary’s MBH Bank hosts calls for inaugural senior preferred bonds

Chicago, Oct. 2 – MBH Bank Nyrt. (Baa3) held a global investor call on Monday for an inaugural senior preferred bond deal (Ba3), according to a market source.

The €300 million offering will have a four-year tenor with three years of call protection.

Citi, Erste Group, ING, MBH Bank and UniCredit were chosen as joint lead managers.

If market conditions are right, the bank will issue the notes under its €1.5 billion euro medium-term note program.

Investor calls are being held through Wednesday.

MBH Bank is formed from the merger of MKB Bank Nyrt., Budapest Bank Zrt. and Takarekbank Zrt.


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