The panda bond issue, along with the issue of a bigger-than-planned USD 4 bln of dollar bonds in June, serves to enhance the flexibility and security of financing, ÁKK said.
The panda bond issue will temporarily increase reserves, and a bigger-than-planned FX bond buyback could take place by year-end, if market conditions are favourable, ÁKK said.
Consequently, full-year net FX bond issuance would not change relative to the financing plan approved in June, it added.
Issuance and pricing will be determined based on market conditions, AKK said.
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