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OJB sells Ft 517 mln of mortgage bonds in retail subscription

OTP Bank Rt's mortgage unit, OTP Jelzálogbank (OJB), sold mortgage bonds worth Ft 517 million at a retail subscription period ended March 3, the bank announced on Tuesday. OJB sold Ft 347 million of one-year OJB 2007/III bonds, accepting all offers. The bonds carry a fixed rate of 5.5% and were sold at face value, corresponding to a yield 82bp under the secondary market benchmark on March 3. OJB sold Ft 169.5 million of the ten-year OJB 2016/I bonds, also accepting all offers. Average yield during the sale was 6.86%, 1bp over the secondary market benchmark on March 3.