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OTP Bank redeems 100 mln Swiss franc

Hungary's OTP Bank said it redeemed a maturing 100 million Swiss franc senior note plus the last interest on February 24.

The bank's consolidated annual report on 2010 showed it issued 100 million Swiss franc fixed rate bonds at 100.633% of nominal value on February 24, 2010. The bonds paid 4% interest annually and were maturing on February 24, 2012. OTP repurchased CHF 11 million of the bonds in 2010.