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Mortgage Bonds
What kind of securities are the mortgage bonds?
Mortgage bonds are strictly registered, transferable securities that are also regulated at the European level, which are regulated by the Mortgage Act on Mortgage Loan Companies and on Mortgage Bonds of XXX of 1997 (hereinafter "the Jht") can only be issued by mortgage credit institutions.
A mortgage bond (covered bond) is a debt security, which differs from a senior unsecured bond in that special conditions are required to meet for its issuance: namely the permanent existence of the underlying and separated collateral pool in terms of amount and composition required by law, is verified by an independent asset controller approved by the MNB.
The collaterals of the mortgage bonds
According to the Section 14 Subsection (1) Jht. the Mortgage loan companies shall at all times have collateral assets covering all obligations related to the mortgage bonds in circulation.
The protection of the investors: In order to protect investors, Jht. and other laws contain additional strict regulations:
- Special supervisory supervision: Pursuant to the Jht. rules, MNB is obliged to have an onsite inspection at mortgage banks on annual basis.
- Increased transparency: Mortgage banks are obliged to inform the public on a quarterly basis about the value of the outstanding mortgage bonds and the available collateral. Moreover, MBH Mortgage Bank semi-annually publishes the quick reports on its previous half year performance, and also updates the Transparency Report on quarterly basis on its website, in line with the requirements of MNB and CRR 129.
- Rating: (S&P) further information about the mortgage bonds issued.
Why anyone should buy mortgage bonds?
Special security features and risk mitigation factors described above make it attractive to buy and hold mortgage bonds, but in addition to these, there are other characteristics that are worth considering for potential investors. The Covered Mortgage Bonds issued by the MBH Mortgage Bank are
- publicly issued securities,
- offer medium and long term investments, having 3-5-10-15 year tenor,
- listed on the stock exchange,
- less risky compared to other similar assets (senior unsecured bonds),
- provide higher yields than government securities, and
- special transparency requirements are associated with it.
By clicking on the ticker code of the mortgage bond series in the table below – containing a list of fixed and variable interest rate mortgage bonds – one can find the main characteristics of the given
series, their cash flow, the Final Terms and the results of the Auctions/subscriptions, as well as the interest announcements
for the variable interest rate series.
Fixed Rate Mortgage Bonds
| Ticker-code | ISIN Code | Nominal Value |
| MEJ32NF1 | XS3426512086 | EUR 100,000 |
| MEJ31NF1 | XS3205725255 | EUR 100,000 |
| MJ28NF02 | HU0000653829 | HUF 10,000 |
| MJ31NF02 | HU0000653811 | HUF 10,000 |
| MZJ29NF1 | HU0000653688 | HUF 10,000 |
| MJ29NF01 | HU0000653662 | HUF 10,000 |
| MJ33NF01 | HU0000653597 | HUF 10,000 |
| FJ28NF01 | HU0000653142 | HUF 10,000 |
| TJ26NF02 |
HU0000653407 | HUF 10,000 |
| TZJ27NF1 | HU0000653464 | HUF 10,000 |
| TJ30NF01 | HU0000653373 | HUF 10,000 |
| TJ31NF01 | HU0000653423 | HUF 10,000 |
| TZJ32NF1 | HU0000653514 | HUF 10,000 |
| TJ36NF01 | HU0000653415 | HUF 10,000 |
Green Mortgage Bond
We established our Green Covered Bond Framework in 2021, on the basis of which we are able issue green mortgage bonds with collaterals classified as green, thus playing a role in the development of a low-emission society.
MBH Mortgage Bank issued green mortgage bonds first time in 2021, the related documents and quarterly reports are available on our website.
Archive
Related documents
Transparency reports
EEML Transparency reports
(Energy Efficient Mortgage Label – EEML)
Coverage
Tisztelt Ügyfelünk!
Ezúton tájékoztatjuk Önt, hogy az MKB Bank Nyrt. és a Takarékbank Zrt. – a Takarékbank Zrt. beolvadásával – 2023. április 30-án egyesült, és az így létrejött kereskedelmi bank, mint a Magyar Bankholding bankcsoport anyabankja 2023. május 1-jétől MBH Bank Nyrt. (a továbbiakban: MBH Bank) név alatt működik tovább.
Tisztelt Ügyfelünk!
Ezúton tájékoztatjuk Önt, hogy az MKB Bank Nyrt. és a Takarékbank Zrt. – a Takarékbank Zrt. beolvadásával – 2023. április 30-án egyesült, és az így létrejött kereskedelmi bank, mint a Magyar Bankholding bankcsoport anyabankja 2023. május 1-jétől MBH Bank Nyrt. (a továbbiakban: MBH Bank) név alatt működik tovább.
Tisztelt Ügyfelünk!
Ezúton tájékoztatjuk Önt, hogy az MKB Bank Nyrt. és a Takarékbank Zrt. – a Takarékbank Zrt. beolvadásával – 2023. április 30-án egyesült, és az így létrejött kereskedelmi bank, mint a Magyar Bankholding bankcsoport anyabankja 2023. május 1-jétől MBH Bank Nyrt. (a továbbiakban: MBH Bank) név alatt működik tovább.