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Hungary opens LSE to mark listing of yuan bond

Debt

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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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