By Rebecca Melvin
Concord, N.H., June 15 – MFB Hungarian Development Bank Private Ltd. Co. sold HUF 13,637,850,000 of domestic bonds in two parts, due 2023 and 2025, according to an announcement.
The HUF 137.85 million tranche of 2023 bonds priced with a 0.01% coupon for an average yield of 2.03% annually.
The HUF 13.5 billion tranche of 2025 bonds priced with a 7.8% coupon for an average yield of 8.82% annually.
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 13.64 billion
|
| Issue: | Bonds
|
| 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.
|
| Auction date: | June 13
|
| Settlement date: | June 15
|
| Listing: | Budapest Stock Exchange
|
|
|
| 2023 bonds
|
| Amount: | HUF 137.85 million
|
| Maturity: | June 28, 2023
|
| Coupon: | 0.01%
|
| Average yield: | 2.03%
|
| ISIN: | HU0000360821
|
|
|
| 2025 bonds
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| Amount: | HUF 13.5 billion
|
| Maturity: | Nov. 26, 2025
|
| Coupon: | 7.8%
|
| Average yield: | 8.82%
|
| ISIN: | HU0000361761
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