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FHB Mortgage Bank issues €50 million of notes

FHB Mortgage Bank on Wednesday said it issued €50 million of covered mortgage notes as part of its € 3 billion European Medium Term Note (EMTN) program.

The series (FJ14ZV03) has a floating rate and a five-year maturity. Settlement day was June 3.

The lead manager of the issue, listed on the Luxembourg Stock Exchange, was BNP Paribas London.

FHB's stock of outstanding mortgage bonds reached HUF 539.3 billion at the end of March. The value of coverage was HUF 625.6 billion, giving it a coverage rate of 116%. (MTI-ECONEWS)