15QG Mfb. 25

TIDM15QG

RNS Number : 7348A

MFB Magyar Fejlesztési Bank

03 June 2021

Announcement

on issue of EUR denominated public bonds

MFB Hungarian Development Bank Private Limited Company is pleased to inform its investors that it has issued the following EUR denominated public bonds.

 
 Issuer            MFB Hungarian Development Bank Private Limited Company 
 Rating            BBB (stable) / Baa3 (positive) (Fitch / Moody's) 
                  ---------------------------------------------------------- 
 Surety            The Issuer's obligations under the Notes have the 
                    benefit of a statutory first demand absolute direct 
                    suretyship in respect of the Issuer's funding activities 
                    in accordance with the underlying legislation (MFB 
                    Act) 
                  ---------------------------------------------------------- 
 Format            Regulation S, Registered 
                  ---------------------------------------------------------- 
 Settlement        9 June 2021 (T+5) 
                  ---------------------------------------------------------- 
 Tenor             5y 
                  ---------------------------------------------------------- 
 Maturity          9 June 2026 
                  ---------------------------------------------------------- 
 Size              EUR 500mn 
                  ---------------------------------------------------------- 
 Reoffer spread    MS+70bps 
                  ---------------------------------------------------------- 
 Reoffer Yield     0.427% 
                  ---------------------------------------------------------- 
 Reoffer Price     99.743 
                  ---------------------------------------------------------- 
 Benchmark         OBL 0 04/10/26 #183 (102.842 B+100.3) 
                  ---------------------------------------------------------- 
 Coupon            0.375% Fixed, Annual, Act/Act 
                  ---------------------------------------------------------- 
 Listing           London Stock Exchange 
                  ---------------------------------------------------------- 
 Denoms            EUR100k x EUR1k 
                  ---------------------------------------------------------- 
 ISIN              XS2348280707 
                  ---------------------------------------------------------- 
 Law               English 
                  ---------------------------------------------------------- 
 Clearing          Euroclear / Clearstream 
                  ---------------------------------------------------------- 
 Bookrunners       Citi(B&D)/Erste Group/ING/UniCredit 
                  ---------------------------------------------------------- 
 Stabilisation     FCA / ICMA 
                  ---------------------------------------------------------- 
 

Budapest, 3 June 2021

MFB Hungarian Development Bank Private Limited Company

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END

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