On 18 November 2021, the Republic of Albania issued 10-year bonds of a total face value of EUR 650 mln with a coupon rate of 3.75%, according to a press release sent to the Budapest Business Journal. The bond transaction closed with substantial overbidding of over EUR 1 billion.

At the bond auction of MVM Zrt., 6-year corporate bonds of EUR 500 ml were issued with OTP Bank’s assistance as co-distributor. The auction closed on November 9 with investors overbidding the ask price by more than 2.6 times. Maturing on November 18, 2027, the fixed-rate (0.875%) bonds were sold 110 bps above the benchmark yield with a coupon of 1.077%.

Including Croatia’s government bond issuance in February, OTP Bank participated in three successful international bond issuance transactions this year, all under the group-level professional management and coordination of OTP Global Markets headquartered in Budapest.

"The success of the international transactions is owing to the collaboration between our colleagues at the Croatian, Albanian, and Budapest headquarters. The trinity of high-level expertise, local market intelligence and successful Group-level cooperation may become a dominant factor for additional market orders in the future," commented András Kazár, head of OTP Bank’s Capital Markets Origination and Securities Services Department.

"The successful international bond transactions conducted this year also indicate that OTP Group, as a leading banking group in Central and Eastern Europe, has joined the ranks of major bond market players in the region. This confirms that it was a good decision to integrate the capital market issuance activity of OTP Group at Group level and place it under the professional management of OTP Global Markets. Group-level vision combined with local expertise enables us to provide such a level of international cooperation that creates a sound basis for further steps forward in the international bond market," added Attila Bánfi, managing director of OTP Global Markets.