ADVERTISEMENT

MFB to launch EUR 500 mln bond issue

MNB

The state-owned Hungarian Development Bank (MFB) will issue euro-denominated bonds with a limit of EUR 500 million over a period of one year to finance its lending programs, the MFB told state news wire MTI on Tuesday.

Erste Bank Hungary, the Hungarian branch office of ING Bank, Magyar Takarékszövetkezeti Bank (TakarékBank), MKB Bank, OTP Bank, Raiffeisen Bank and UniCredit Bank Hungary will act as distributors in the issues. The MFB has assigned OTP Bank as auction bidder.

The bonds, with maturities of a minimum 12 months and a maximum ten years, will be auctioned on the Budapest Stock Exchange (BÉT). The MFB will float the bonds on the regulated market of the BÉT, with the first issue expected to be held in the first quarter of this year.

ADVERTISEMENT

Czech economic confidence weakens in November Analysis

Czech economic confidence weakens in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.