Wingholding corporate bonds take wing
Hungarian property developer Wingholding sold €11.35 million of corporate bonds at auction on July 20, the company said Friday, according to Hungarian news agency MTI.
Wingholding accepted all offers at the auction at an average yield of 4.21%.
The 11,350 bonds will be listed on the Budapest Stock Exchange. The total nominal value of the bond series will be €29.73 mln. The three-year bonds pay fixed annual interest of 4.00%.
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.