REG - Magyar Fejlesztsi Bk - Issue of USD denominated public bonds

Erste Bank AGAnnouncement

25/05/2023 10:00

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RNS Number : 6514A  MFB Magyar Fejlesztési Bank  25 May 2023

Announcement

on issue of USD denominated public bonds

 

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

 

 Issuer           MFB Hungarian Development Bank Private Limited Company
 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)
 Issuer Ratings   Baa2 (Stable) by Moody's / BBB (Negative) by Fitch
 Format           Regulation S (Cat 1), Registered Form
 Ranking          Senior Unsecured
 Size             USD 1.125 billion
 Settlement       31 May 2023 (T+5)
 Maturity         29 June 2028
 Coupon           6.500%% Fixed, Semi-Annual, 30/360, Long First (29 December 2023)
 Reoffer spread   295 bps
 Reoffer Yield    6,758%
 Reoffer Price    98.896
 Benchmark        T 3 ½ 04/30/28
 Denomination     USD 200,000 x USD 1,000
 Listing          London Stock Exchange (Main Market)
 Documentation    Standalone
 Governing Law    English
 Use of Proceeds  General Corporate Purposes
 ISIN             XS2630760796
 Bookrunners      BNP Paribas, Citi (B&D), Erste Group and ING
 Clearing         Euroclear / Clearstream, Luxembourg

 

Budapest, 25 May 2023

 

 

MFB Hungarian Development Bank Private Limited Company

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