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.

“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.

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