Report: Hungary postpones planned yuan bond issue

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Hungary is putting off its plan to issue yuan-denominated bonds due to market turmoil, Dow Jones said today, quoting an individual close to the matter, Hungarian news agency reported this morning.

‚ÄúThere is no timeline for the issuance,‚ÄĚ the individual told Dow Jones. ‚ÄúRisk sentiment is weak and there ľs not much interest in CNH bonds now. Investors are staying on the sidelines,‚ÄĚhe said.

Offshore yuan is also known as CNH.

Hungary ľs Government Debt Management Agency (√ĀKK) said yesterday that it wound up a non-deal roadshow for a yuan bond issue.

National Economy Minister Mih√°ly Varga said in December that Hungary could issue a yuan bond up to CNY 3 billion (‚ā¨420 million) in 2016.

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