Report: Hungary postpones planned yuan bond issue
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.
“There is no timeline for the issuance,” the individual told Dow Jones. “Risk sentiment is weak and thereʼs not much interest in CNH bonds now. Investors are staying on the sidelines,”he said.
Offshore yuan is also known as CNH.
Hungaryʼs Government Debt Management Agency (ÁKK) said yesterday that it wound up a non-deal roadshow for a yuan bond issue.
National Economy Minister Mihály Varga said in December that Hungary could issue a yuan bond up to CNY 3 billion (€420 million) in 2016.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.