Fourth Purchase of Mortgage Bonds in the Primary Market

Under the mortgage bond purchase program announced by the Monetary Council on February 8, 2010, the MNB has made its fourth purchase of mortgage bonds in the Hungarian primary market.

The Bank has bought HUF 255 million at par of the fifth tap of series FJ15NF01 mortgage bonds sold by public auction by FHB Mortgage Bank Plc on August 24, 2010, at an average yield of 8.10pct. In accordance with the detailed terms of the mortgage bond purchase scheme announced on February 25, 2010, the Bank has made its purchase at the average yield on the bonds purchased by investors outside the issuer’s group. The Bank has bought 20pct of the total amount purchased by investors outside the FHB Group.

News Monitoring