Masterplast takes initial steps to BGS bond issue
Listed Hungarian building materials maker Masterplast said it has taken the initial steps to issue 10-year security in the framework of the Bond Funding for Growth Scheme (BGS) of the National Bank of Hungary (MNB), according to an announcement on the website of the Budapest Stock Exchange.
The scale, coupon, and timing of such an issue will be determined at a later date, Masterplast said. The firm has issued two seven-year HUF 6 bln BGS bonds, in December 2019 and December 2020.
The MNB launched the bond scheme in the summer of 2019 with the aim of beefing up Hungary's relatively small corporate bond market. The program allocation stands at HUF 1.15 trillion.
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