Following the auction, Magyar Telekom 2027 HUF Bonds will be issued on November 26, 2020 with the following parameters:

Tibor Rékasi, Magyar Telekom’s CEO commented: “Today’s bond issue transaction is the most sizeable one in our corporate history thus far. In line with our earlier communication our ambition is to use the proceeds of the bonds to further extend our gigabit-capable fixed network that now has 2.3 million access points and to increase 5G coverage, as well as to fund frequency license acquisitions in the upcoming period.”

Darja Dodonova, Magyar Telekom’s CFO commented:
“I’m very glad that we have seen significant interest from potential lenders allowing us to achieve forint denominated financing at competitive terms.”

The Company initiates the registration of the bonds to the Xbond multilateral trading platform of the Budapest Stock Exchange within 90 days following the issuance.