ADVERTISEMENT

Debt Management Centre CEO reconfirms Hungary to issue fx bonds only after agreement with IMF/EU

MNB

The Government Debt Management Centre (AKK) will conduct a foreign-currency bond issue only after the conclusion of a financial-support deal between Hungary's government and the IMF/EU, AKK deputy CEO László András Borbély said on a radio program on Friday, reconfirming AKK's previously stated viewpoint.

Borbély said that the AKK could organize an fx bond issue in three to four weeks. Borbély added that the AKK does not necessarily need to issue foreign-currency bonds before the end of the year, because the government has enough reserves to finance Hungary's debt as long as the forint bond market continues to function adequately.

Borbély added that the AKK would likely issue fx bonds in dollars, since there is currently sufficient liquidity in U.S. funds.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Transformation Delineation - Microsoft country general manag... Podcasts

Transformation Delineation - Microsoft country general manag...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.