CA-CIB, Takarékbank and Gránit Bank subscribe HUF 35bn of MÁV bonds
CA-CIB, Takarekbank and Granit Bank on Wednesday said they subscribed HUF 35 billion of corporate bonds issued by state-owned Hungarian railway company MAV.
French-owned CA-CIB subscribed 29% of the issue; Takarekbank, a bank for Hungary's savings cooperatives, bought 63%; and Granit Bank, recently established by building industry magnate Sandor Demjan to help Hungary's SMEs out of the crisis, bought 8%.
The three-year bonds are guaranteed by the state.
ADVERTISEMENT
Gov't Grants Support HUF 87 bln in Healthcare Investments
Parl't Approves Amendments to Legislation on Judiciary
Poland Jobless Rate Lowers Further in April
Accommodation Fully Booked Over Pentecost Weekend
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.
