A bond issue by Magyar Eximbank in April and one by state-owned Hungarian Development Bank (MFB) in May has secured a combined 2.375 billion US dollars of funding, of which 1.531 billion US dollars will be used for refinancing and 844 million is available as extra financial resources, the Economic Development Ministry said on Friday. The new resources will be used for development programs supporting the strengthening of the Hungarian economy, increasing the competitiveness of businesses, and carrying out new investments and developments, the ministry said. On April 26 Eximbank issued a 1.25 billion US dollar bond. The yield on the security, which matures in December 2027, was 6.32% or 5.7% expressed in euros. On May 24 MFB issued a 1.125 billion US dollar bond. Yield on the five-year bond was 6.5% or 5.73% expressed in euros. The ministry noted that it exercises ownership rights over the two financial institutions and they do not plan to issue additional bonds this year.