ÁKK mandates Bank of China Limited for yuan bond
Hungaryʼs Government Debt Management Agency (ÁKK) has mandated the Bank of China Limited to organize an offshore yuan-denominated bond issue, ÁKK told Hungarian news agency MTI yesterday.
The issue and the pricing of the benchmark-size dim sum bond, to be sold in a U.K. legal framework, will depend on market circumstances, ÁKK said.
ÁKK wound up a non-deal road show in China in January in preparation for a yuan-denominated debt issue.
ÁKKʼs issue plan for this year includes €1 billion in FX bonds to be subscribed by international investors.
National Economy Minister Mihály Varga said in December that Hungary could issue a yuan bond up to CNY 3 bln (€411 million) in 2016.
Hungary must repay a CHF 200 mln bond in May and a €1 bln bond in July.
MOL Shareholders Approve Dividend of Around HUF 250/Share
Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...
Hungary's Largest ESG Consultancy Formed by Merger of EY, De...
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
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.
