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Eximbank launching new tranche of bonds

Banking

Eximbank will launch the first tranche of 2022/5 bonds and the third tranche of 2029/1 bonds on October 25, according to a prospectus published on the financial institution's website.

The issuer plans to raise HUF 20 billion in fresh capital with the help of securities that will be offered to the public on October 27.

Eximbank is announcing the purchase of a total of HUF 10 bln from the first series of the one-year, fixed-rate 2022/5 bond with an annual interest rate of 1.75%.

The yield of the bonds with a nominal value of HUF 10,000 each will be paid in a single amount upon their maturity on October 26, 2022.

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