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.