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GC Asia
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
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Latest news from Emerging Markets
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Further Reading
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RMBS
Bank of Cyprus sells €916m of NPLs to Pimco
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Emerging Markets
Turkish lira madness keeps bond plans on ice
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CEE
Akbank dips into near deserted green market
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People & Markets
China markets round-up: July trade surplus surprises, PBoC reviews monetary policy, most Covid-19 treasury bond proceeds allocated
