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)

ADVERTISEMENT

Hungary Cattle Stock Edges Down 2% in a Year Figures

Hungary Cattle Stock Edges Down 2% in a Year

Parliament Negates Mandatory Membership in MOK Parliament

Parliament Negates Mandatory Membership in MOK

Regional Cloud Sales Growth Expected in Coming Years Innovation

Regional Cloud Sales Growth Expected in Coming Years

Meet the Expat CEO of the Year Nominees Awards

Meet the Expat CEO of the Year Nominees

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.