Magyar Fejlesztsi Bk - Issue of EUR denominated public bonds

Erste Bank AG

22/05/2025 07:45

RNS Number : 7608J

MFB Magyar Fejlesztési Bank

22 May 2025

 

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 ("MFB")
Rating
Baa2 (negative) / BBB (stable) (Moody's / Fitch)
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
Reg S only Category 1 Registered Form
Status
Senior Unsecured
Settlement
28 May 2025 (T+5)
Maturity
27 June 2030
Amount
EUR 1 billion
Reoffer spread
MS+215 bps
Reoffer Yield
4.435%
Reoffer Price
99.724%
Bund reference
OBL 2.4 4/2030 (@100.96) +224.7bps
Coupon
4.375% p.a., FXD, Ann, ACT/ACT, long first coupon
Listing
London Stock Exchange (Main Market)
Denominations
€100k + €1k
ISIN
XS3081701362
Law
English Law (except for the suretyship under the laws of Hungary)
Clearing
Euroclear / Clearstream, Luxembourg
Bookrunners
BNP Paribas (B&D), Erste Group, ING, J.P. Morgan, Morgan Stanley, Raiffeisen Bank International

 

Budapest, 22 May 2025

 

 

MFB Hungarian Development Bank Private Limited Company

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