Hungary weighs up euro sale as AKK plots diverse 2017 funding mix

Budapest px230 for gc
By Virginia Furness
09 Jan 2017

Reducing Hungary’s FX liabilities continues to be one of its debt management office’s (AKK) driving factors, but CEO György Barcza also remains committed to diversifying the country’s funding sources. With a Japanese yen bond maturing, and a €1bn bond planned, 2017 looks set to offer investors some rare opportunities to buy into Hungary’s improving debt story.

The sovereign plans to raise €1.2bn of foreign currency denominated debt in 2017, though is in no hurry to do so, despite borrowing rates looking more attractive than they have for some time, according to Barcza. 

The sovereign has a €1bn 4.375% bond maturing in July. Hungary has not ...

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