The government has revealed how many new resources the EXIM and MFB bond issues bring to the economy

EXIM and MFB, under the ownership of the Ministry of Economic Development, raised a total of 2.375 billion dollars from the international financial markets in the past month:

• the EXIM A foreign currency bond auction was held on April 26, 2023, where with a 5-year maturity 1.25 billion dollarsi collected resources 6.32 percentexpressed in euros 5.7 percent with interest,
• the MFB May 24, 2023 held a foreign currency bond issue, with a maturity of 5 years and 1 month 1.125 billion dollars brought in 6.5 percentexpressed in euros 5.73 percent with interest. This was the largest bond issue in the history of MFB.

Compared to preliminary expectations, the yields on the issues were significantly lower in both cases, the ministry announced.

EXIM and MFB

out of the 2.375 billion dollars, a total of 1.531 billion dollars will be used to finance their maturing obligations,

thus the successful raising of capital Provides $844 million in new funding for development programs supporting the strengthening of the Hungarian economy, increasing the competitiveness of businesses, and the implementation of new investments and developments.

The two Hungarian development banks under the ownership of the Ministry of Economic Development do not plan to issue additional bonds, they announced.