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Property developer Wing Group lists bonds on Budapest bourse

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Hungarian property developer Wing Group launched a €40 million corporate bond package, listing the bonds on the Budapest Stock Exchange, according to a press release issued today.

In the first phase of the package, Wing Group listed 18,381 of the bonds, with a nominal value of €1,000, according to the press release. The company said the three-year bonds pay a fixed annual interest of 4%, with their listing price being 99.3675% of nominal value.

“The present listing opens a new chapter in the life of the organization, as this has been our first occasion of entering the bourse,” said Wing Group CEO Noah Steinberg. “The outstanding interest towards our bonds show that dynamic growth is expected in Hungarian real estate development.”

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