4iG to offer HUF 85 bln of BGS bond tap issuance

Telco

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Listed IT company 4iG said it will offer HUF 85 billion of tap issuance of a 10-year bond issued in the framework of the Bond Funding for Growth Scheme (BGS) of the National Bank of Hungary (MNB) at an auction on December 27, state news wire MTI reports.

The company raised HUF 291.4 bln at an auction of the same bonds on December 15, under the nominal HUF 350 bln of the securities it had offered.

4iG initially announced plans for the HUF 350 bln issue late in November, after it signed an agreement to acquire 100% of telecommunications company Digi for EUR 625 million.

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