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MFB picks banks to lead manage its euro bond

The Hungarian Development Bank (MFB) has selected BNP Paribas, ING and Societe Generale to lead manage a benchmark euro-denominated bond, Reuters reported on Wednesday, quoting a source at one of the lead managers.

The deal "is expected to be launched in the near future subject to market conditions", the source added. Econews reported last week MFB said it would raise EUR 1.1 billion-1.2 billion in external financing this year from loans from international development institutions and global capital markets.