Hungary ramps up corona funding, taking €2bn out of market

By Ross Lancaster
23 Apr 2020

The Republic of Hungary made a jumbo return to euro markets on Thursday with its first hard currency trade since 2018. Bankers expect more trades from both the sovereign and its neighbours.

Baa3/BBB/BBB rated Hungary has not issued in euros since September 2018, preferring to issue using local bonds.

The sovereign had signalled its intention to issue €1bn-equivalent in foreign currency bonds last year. On Wednesday, its debt management office quadrupled that target in light of the spread of the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial