HF98 Magyar 27 A

TIDMHF98

RNS Number : 2187A

MFB Magyar Fejlesztési Bank

22 May 2023

THIS ANNOUNCEMENT MAY NOT BE DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, OR TO OR FOR THE BENEFIT OF U.S. PERSONS OR INTO ANY OTHER JURISDICTION WHERE IT WOULD BE UNLAWFUL TO DO SO.

$$$ MFB 5yr USD Benchmark $$$

MFB Hungarian Development Bank Private Limited Company (MFB - Ticker: MAGYAR), rated Baa2 (stable) by Moody's and BBB (negative) by Fitch, has mandated BNP Paribas, Citi, Erste Group and ING as Joint Lead Managers in connection with an USD-denominated senior unsecured benchmark transaction. A Global Investor Call will be held today, Monday 22 May 2023, at 13:30 UKT / 14:30 CET / 08:30 EST time alongside a series of virtual fixed-income investor meetings, also commencing on 22 May 2023.

The USD-denominated 5-year senior unsecured Regulation S benchmark transaction in Registered format ("the Notes") is expected to follow in the near future, subject to market conditions. MFB's obligations under the Notes are guaranteed by a statutory first demand absolute direct suretyship in accordance with Hungarian legislation pursuant to the MFB Act. The Notes are expected to be rated Baa2 by Moody's and BBB by Fitch.

Relevant stabilization regulations including FCA/ICMA apply. Manufacturer target market (MiFID II product governance) is professional investors and ECPs target market (all distribution channels). No PRIIPs key information document (KID) has been prepared.

This announcement is not an offer of securities for sale in the United States or in any other jurisdiction. No offers or sales of any Notes or distribution of any offering material relating to such Notes may be made in or from any jurisdiction except in circumstances which will result in compliance with any applicable laws and regulations. The Notes have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in accordance with Regulation S under the Securities Act or pursuant to any other exemption from the registration requirements of the Securities Act. This communication is being distributed to, and is directed only at, persons in the United Kingdom in circumstances where section 21(1) of FSMA does not apply.

Investors should not subscribe for any Notes except on the basis of information contained in the final offering circular prepared in connection with the Notes which will be available from: https://www.londonstockexchange.com/exchange/news/market-news/market-news-home.html

A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time by the assigning rating organisation. Similar ratings for different types of issuers and on different types of securities do not necessarily mean the same thing. The significance of each rating should be analysed.

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May 22, 2023 07:42 ET (11:42 GMT)

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