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MBH Bank Sells EUR 75 mln of Bonds at Auction

Banking

MBH Bank sold EUR 75 million of bonds at an auction on the Budapest Stock Exchange on Wednesday, an announcement by the lender shows, according to a report by state news wire MTI.

MBH had initially offered EUR 50 mln of the securities. Bids were close to EUR 105 mln.

The three-year bonds pay a fixed rate of 9% in the first two years and 5.5% over the three-month EURIBOR in the third year.

The average accepted price at the auction was 99.6758%.

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