Hungarys UniCredit mortgage bank to issue EUR 366mn bonds in 2011-12.

By bne IntelliNews February 28, 2011
UniCredit Jelzalogbank, the mortgage unit of UniCredit Bank Hungary, plans a HUF 100bn (EUR 366mn) bond issue, which will be privately placed or offered on the Budapest stock exchange (BSE), MTI news agency reported. The bond issue programme will last over one year, starting February 24, 2011. Balance sheet data as at December 2010 shows that the liabilities position of UniCredit Jelzalogbank in mortgage-backed bonds stands at HUF 74.9bn.

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