Otthon Centrum issues HUF 2.9 bln bond under BGS

MNB

Real estate broker Otthon Centrum yesterday said it issued a HUF 2.9 billion bond under the Bond Funding for Growth Scheme (BGS) of the National Bank of Hungary (MNB), according to gazdasagportal.hu.

Bids for the 10-year bond, auctioned on April 15, came to HUF 5 bln. Average yield was 2.62%.

Otthon Centrum CEO György Kosztolánczy said proceeds from the issue "clear the way for further, dynamic development [... ] and create opportunity for foreign acquisition activity."

MET Group Records 2nd Most Profitable Year in 2023 Energy Trade

MET Group Records 2nd Most Profitable Year in 2023

Gov't Considering Fuel Price Intervention Government

Gov't Considering Fuel Price Intervention

Real Estate Continues to Strengthen in March Residential

Real Estate Continues to Strengthen in March

Time Out Market to Open in Budapest Next Year Food

Time Out Market to Open in Budapest Next Year

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.