Varga reverses course on foreign debt
Hungary’s Economy Minister Mihály Varga said today that the country could sell new foreign currency debt this year if terms were favorable.
The government last sold foreign currency debt at a USD 3 bln bond auction in March, and since then, it has said several times that it would not issue more FX debt this year or next.
Varga told public television M1 that, if the government could agree with an institutional investor on a low yield, which is good for debt financing, then he would not rule out that such a foreign currency bond issue would happen this year.
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