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OTP launches HUF 200 bln bond program

Hungaryʼs leading commercial financial institution OTP Bank announced Thursday on the Budapest Stock Exchange that it is launching a HUF 200 billion public bond program with the permission of the National Bank of Hungary (MNB), state news wire MTI reported.

The bonds will have a minimum maturity of 30 days and a maximum maturity of 15 years, according to MTI. They could include fixed-interest, floating-rate, index-linked and discounted bonds, and will be issued through subscriptions or auctions, it added.

OTP will make attempts to issue the bonds on the national stock exchanges of Hungary, Slovakia, Bulgaria, Romania and Croatia, according to the report.