New Issue: Hungarian Development Bank sells HUF 7.51 billion 1.7% three-year bonds

By Rebecca Melvin

New York, Sept. 19 – The Hungarian Development Bank Private Ltd. Co. has issued HUF 7.51 billion 1.7% three-year bonds at a discount to par for an average annual yield of 2.08%, according to a news release on Wednesday.

The dealers were Erste Bank Hungary Ltd., IG Bank NV Hungary Branch, Bank of Hungarian Savings Cooperatives Co. Ltd., MKB Bank Zrt., 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.

Hungarian Development Bank is a state-owned lender.

Issuer:	Hungarian Development Bank Private Ltd. Co.
Issue:	Bonds
Amount:	HUF 7.51 billion
Maturity:	Oct. 27, 2021
Dealers:	Erste Bank Hungary Ltd., IG Bank NV Hungary Branch, Bank of Hungarian Savings Cooperatives Co. Ltd., MKB Bank Zrt., OTP Bank plc, Raiffeisen Bank Hungary and UniCredit Bank Hungary Ltd.
Coupon:	1.7%
Yield:	2.08%
Pricing date:	Sept. 17
Settlement date:	Sept. 19

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