MFB buys back €95 mln in bonds before expiry
Hungaryʼs state-owned National Development Bank (MFB) has bought back €94.889 million of one of its foreign bond series that expires on May 31, 2016, the bank said on the website of the Budapest Stock Exchange (BSE) today.
The repurchase will leave €405.111 mln of the bonds, that were issued for a total value of €500 mln, on the market.
MFB said it repurchased the bonds at an average net price of 102.12% of the nominal value directly from the bond holders, without using an investment service provider, and with January 18 and January 19 value days.
MFB will initiate the cancellation of the repurchased bonds.
The bank did not say whether it or the investors had initiated the transaction.
Report Points to Increased Risk on Commercial Real Estate Ma...
Chinese President to Visit Budapest in May
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
