MFB Issues USD 1.125 bln Bond
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The state-owned Hungarian Development Bank (MFB) issued a USD 1.125 billion bond on Wednesday, the Economic Development Ministry said on Thursday, according to a report by state news wire MTI.
The issue, MFB's biggest ever, was subscribed by European investors after talks with over 50 investors, the ministry said.
The yield on the five-year bond was 6.5%, or 5.73% expressed in euros.
Proceeds from the issue will be used to further strengthen MFB's role in ensuring favorable credit to local businesses.
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