ÁKK concludes China road show

Analysis

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The Government Debt Management Agency (ÁKK) said on Wednesday that it ended a non-deal road show in China organized by the Bank of China to prepare for the issue of yuan-denominated debt.

The goal of the road show was to introduce Hungary to a new market and talks with investors were successful, ÁKK said.

ÁKK did not give information on the timing or the size of the upcoming issue.

National Economy Minister Mihály Varga said in December 2015 that Hungary could issue a yuan bond up to CNY 3 billion (€420 million) in 2016.

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