Lóga said 66 companies have successfully issued bonds, some of them several times, and the firms have secured around HUF 1.67 trillion in financing.
The MNB's Monetary Council launched the BGS in the summer of 2019 to beef up Hungary's relatively small corporate bond market. In August 2021, the council decided to raise the allocation for the program by HUF 400 billion to HUF 1.55 tln. Currently, around two-thirds of the BGS allocation has been used up, leaving room for further bond issues, Lóga said.
The last two years' experience shows that companies mostly use secured financing for investments and acquisitions, he added.
Besides the MNB, domestic banks, investment funds, and insurance firms are the most active buyers on the corporate bond market, Lóga said.
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