The notes will be redeemed at their principal amount, together with any accrued and unpaid interest, and following the redemption they will be canceled, OTP Bank said on the Budapest Stock Exchange.
OTP issued the three-year securities in 2022. The notes had an annual coupon of 5.5% in the first two years and a quarterly coupon in the third year calculated as the sum of the initial margin and the three-month EURIBOR.
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