MFB carried out the most significant bond issue in its history

On May 24, 2023, the Hungarian Development Bank (MFB) carried out a highly successful foreign currency bond issue, with which it raised 1.125 billion dollars. The result of the issue carried out on the European investor market significantly contributes to the fact that the MFB further strengthens its role in financing the Hungarian economy and provides favourable resources for companies.

During the foreign currency bond issue, with a term of 5 years and 1 month, it raised a total of 1.125 billion dollars from European investors, which is the most significant bond issue in the Bank's thirty-year history. MFB obtained the funds at an interest rate of 6.5%, which corresponds to a euro yield of 5.73%, which turned out to be more favourable than preliminary expectations due to the significant interest in the issue.

MFB, which is under the ownership of the Ministry of Economic Development, has fundamentally renewed its fund-raising activities in recent years, to be able to provide funds efficiently and sustainably for domestic economic actors and companies in all circumstances, and to be able to expand the available loan supply if necessary.

In the war situation afflicting the European economy, it is particularly important that the state-owned credit institutions have adequate resources, since the focus of their financing activities is to expand the loan supply and thus the development of the Hungarian economy.

Those interested can find the details of the bond issue at www.mfb.hu.