Varga said oversubscription for the RMB 1 bln, three-year bond panda bond was almost double.
The purpose of the issue was to draw in resources for the fight against climate change, ensure Hungary's continuous presence on Chinese financial markets and expand investor scope, thus diversifying the financing of state debt, he added.
week earlier, Government Debt Management Agency (ÁKK) head Zoltán Kurali said Hungary had mandated the Bank of China to arrange the issue of a yuan-denominated green panda bond. He said the aim of the transaction was to ensure Hungary's continuous market presence in China.
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