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

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? Login