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Magyar Telekom secures HUF 70 bln in bond sale

Wednesday 25 November 2020 | 17:16 CET | News
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Magyar Telekom said it held a successful bond issue under the 'Bond Funding for Growth' scheme promoted by the Central Bank of Hungary. The company offered HUF 70 billion in debt, which was oversubscribed for an amount of HUF 95.65 billion. The operator accepted only the initial amount, with total proceeds reaching HUF 70.83 billion. The seven-year HUF-denominated bonds expire on 26 November 2027 and carry an annual fixed coupon of 1.45 percent.

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Categories: General
Companies: Magyar Telekom
Countries: Hungary
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