OTP Bank became the first European Union financial institution to launch a EUR 7 billion Medium Term Note (EMTN) program on the Hong Kong Stock Exchange, the bank said on Wednesday.
The launch of the program was celebrated with a gong ceremony on June 30.
As the first step of the new program, a EUR 1 billion Tier 2 bond was issued on June 16, listed both in Hong Kong and Luxembourg. This is the OTP Group's biggest bond transaction so far: demand reached a peak order book of EUR 4.1 billion and the final issue yield was 4.625%.
OTP said the program creates a long-term opportunity for it to strengthen its presence among Asian institutional investors by providing a permanent platform for trading OTP bonds and to flexibly raise funds in different currencies, maturities and structures.
In recent years, the OTP Group has gradually expanded its presence in Asian capital markets: in 2025, it issued its first Dim Sum green bond, becoming the first Hungarian institution to enter the public offshore renminbi green bond market. The Group’s growing strength is reflected in its 398th-place ranking on the latest Forbes Global 2000 list, an improvement of more than 600 places compared to the 2022 ranking.
The EMTN (Euro Medium-Term Note) program is a standardized international framework that enables companies, banks, or governments to issue medium-term notes quickly, flexibly, and on a recurring basis in various currencies (EUR, USD, HUF), with varying maturities (typically 5–10 years) and fixed or floating interest rates.
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