TIDMHF98

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 1/2 04/30/28 
                   ---------------------------------------------------------- 
 Denomination       USD 200,000 x USD 1,000 
                   ---------------------------------------------------------- 
 Listing            London Stock Exchange (Main Market) 
                   ---------------------------------------------------------- 
 Documentation      Standalone 
                   ---------------------------------------------------------- 
 Governing          English 
  Law 
                   ---------------------------------------------------------- 
 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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END

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