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MBH Mortgage Bank is enhancing green real estate financing with an additional HUF 8.6B (EUR 21.1M). In its recent green mortgage bond auction, interest exceeded the initially announced HUF 6B (EUR 14.8M).
The funds will exclusively finance the construction of energy-efficient residential properties, the purchase of green-certified second-hand homes, and the energy-efficient renovation of existing properties.
The second tranche of MBH’s 7 percent fixed-rate green mortgage bond, maturing on November 22, 2029, was significantly oversubscribed, with participants bidding nearly HUF 12.7B (EUR 31.2M) in an auction initially set at HUF 6B (EUR 14.8M).
Since 2021, MBH Mortgage Bank, a member of the MBH Group, has issued green mortgage bonds amounting to nearly HUF 50B (EUR 123.6M).
This is the second green mortgage bond issue in 2024, with HUF 14.8B (EUR 36.4M) issued this year, representing 43 percent of the total green mortgage bond issuance in the market.
Via MTI; Featured Image: Pixabay