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OTP mortgage arm sells €0.83 mln bonds under new mortgage bond program

Initiatives

OTP Mortgage Bank (OJB) announced Friday afternoon it sold €0.83 million of its OJB2007/VIII series mortage bonds in a public offering ended on November 24. OJB said it accepted all subscription

OJB sold €1.77 million of the same series bond in the previous offering which ended on October 13. The sales were part of OJB's recently launched Ft 300 billion mortgage-backed bond program. Financial market regulator PSzÁF granted permission for the program on September 8. The bond program, OJB's fifth, includes the issue of forint-, Swiss franc- and euro-denominated bonds carrying fixed or floating rates for terms up to 30 years. (Mti-Eco)

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