In a post on Facebook, Kapitany noted that MFB had subscribed EUR 111m of Waberer's bonds in 2022 and a further EUR 100m in 2026. He said that the rate on the second bond was under MFB's own cost of funds, leaving taxpayers to cover a HUF 10bn difference over the run of the security.

He added that BDPST group, owned by Istvan Tiborcz — the son-in-law of the former prime minister, was a minority owner in Waberer's when the first bond was issued and held a controlling stake when the second one was issued.

In a reaction posted on the website of the Budapest Stock Exchange, Waberer's said it was unable to comment substantively on specific allegations because it was not aware of the contents of the minister's complaint or the documents on which it was based.

"However, [Waberer's] firmly rejects any statements or insinuations published in the press suggesting that it acted unlawfully in connection with the bond issuances or that it received any unlawful advantage," the company said.

"Both bond issuances were conducted transparently and in full compliance with capital market regulations. Waberer's promptly disclosed all material information to the public regarding both issuances, including their amount, maturity, repayment schedule, and intended use of proceeds," it added.


Source: MTI – Hungary’s national news agency since 1881.

MTI photo 

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