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Hungary opens LSE to mark listing of yuan bond

Debt

pixabay

Hungary’s National Economy Minister Mihály Varga ceremoniously opened the market on the London Stock Exchange today, marking the listing of a RMB 1 billion yuan bond recently issued by Hungary, state news agency MTI reported today.

The issue of the bond has “symbolic significance”, and although it is not a very large bond, it sends the important message that China is a force to be reckoned with in the long term too, Varga told MTI after the ceremony. 

Hungary issued the three-year dim sum bond in mid-April.

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