Hungary takes out 2011 funding with largest ever dollar central and eastern European deal

25 Mar 2011

The Republic of Hungary on Thursday returned to the international capital markets for the first time in over a year with a $3.75bn 10 year and 30 year dual tranche bond. It was the largest ever dollar deal from central and eastern Europe.

Hungary’s government debt management agency AKK said earlier this year that it planned total foreign currency bond issues of Eu4bn in 2011 to finance maturing bonds and the repayment of Eu2bn of the loans drawn from the European Commission under its Eu20bn IMF-led rescue package in 2008. This ...

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