REG - Magyar Fejlesztsi Bk - Investor calls

Erste Bank AGAnnouncement

22/05/2023 13:45

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RNS Number : 2187A  MFB Magyar Fejlesztési Bank  22 May 2023

THIS ANNOUNCEMENT MAY NOT BE DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, OR TO OR FOR THE BENEFIT OF U.S. PERSONS OR INTO ANY OTHER
JURISDICTION WHERE IT WOULD BE UNLAWFUL TO DO SO.

$$$ MFB 5yr USD Benchmark $$$

MFB Hungarian Development Bank Private Limited Company (MFB - Ticker: MAGYAR),
rated Baa2 (stable) by Moody's and BBB (negative) by Fitch, has mandated BNP
Paribas, Citi, Erste Group and ING as Joint Lead Managers in connection with
an USD-denominated senior unsecured benchmark transaction. A Global Investor
Call will be held today, Monday 22 May 2023, at 13:30 UKT / 14:30 CET / 08:30
EST time alongside a series of virtual fixed-income investor meetings, also
commencing on 22 May 2023.

The USD-denominated 5-year senior unsecured Regulation S benchmark transaction
in Registered format ("the Notes") is expected to follow in the near future,
subject to market conditions. MFB's obligations under the Notes are guaranteed
by a statutory first demand absolute direct suretyship in accordance with
Hungarian legislation pursuant to the MFB Act. The Notes are expected to be
rated Baa2 by Moody's and BBB by Fitch.

Relevant stabilization regulations including FCA/ICMA apply. Manufacturer
target market (MiFID II product governance) is professional investors and ECPs
target market (all distribution channels). No PRIIPs key information document
(KID) has been prepared.

This announcement is not an offer of securities for sale in the United States
or in any other jurisdiction. No offers or sales of any Notes or distribution
of any offering material relating to such Notes may be made in or from any
jurisdiction except in circumstances which will result in compliance with any
applicable laws and regulations. The Notes have not been and will not be
registered under the US Securities Act of 1933, as amended (the "Securities
Act") and may not be offered or sold within the United States or to, or for
the account or benefit of, U.S. persons except in accordance with Regulation S
under the Securities Act or pursuant to any other exemption from the
registration requirements of the Securities Act.  This communication is being
distributed to, and is directed only at, persons in the United Kingdom in
circumstances where section 21(1) of FSMA does not apply.

Investors should not subscribe for any Notes except on the basis of
information contained in the final offering circular prepared in connection
with the Notes which will be available from:
https://www.londonstockexchange.com/exchange/news/market-news/market-news-home.html

A securities rating is not a recommendation to buy, sell or hold securities
and may be subject to revision, suspension or withdrawal at any time by the
assigning rating organisation. Similar ratings for different types of issuers
and on different types of securities do not necessarily mean the same thing.
The significance of each rating should be analysed.

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