Magyar Eximbank Issues EUR 1 bln Eurobond

Banking

Shutterstock.com

Magyar Eximbank issued a EUR 1 billion eurobond on international markets on Wednesday, the Economic Development Ministry said, according to a report by state news wire MTI.

Oversubscription for the bond that matures in May 2029 was more than three-fold. The yield was 6.09%.

Lead organizers for the issue were Erste Bank, Goldman Sachs, ING, JP Morgan, and Raiffeisen Bank International.

Magyar Eximbank issued a USD 1.25 bln dollar bond on international markets in April.

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.

Support the BBJ

Finance