Published on 12/14/2016 in the Prospect News Emerging Markets Daily.
New Issue: Magyar Fejlesztesi Bank sells HUF 20 billion 1% bonds to yield 1.08%
By Susanna Moon
Chicago, Dec. 14 – Magyar Fejlesztesi Bank (Hungarian Development Bank plc) sold HUF 20 billion of 1% bonds due June 24, 2019 at an average yield of 1.08%, according to a term sheet.
Erste Bank Hungary Ltd., FHB Commercial Bank Ltd., ING 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. are the dealers.
The bank is based in Budapest.
| Issuer: | Magyar Fejlesztesi Bank (Hungarian Development Bank plc)
|
| Issue: | Bonds
|
| Amount: | HUF 19,999,940,000
|
| Maturity: | June 24, 2019
|
| Dealers: | Erste Bank Hungary Ltd., FHB Commercial Bank Ltd., ING 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%, payable annually
|
| Average yield: | 1.08%
|
| Auction date: | Dec. 12
|
| Settlement date: | Dec. 14
|
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