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AKK to hold meetings with bond market investors

Hungary's Government Debt Management Agency (AKK) on Friday said it asked BNP Paribas, Citigroup and Deutsche Bank to organize a series of meetings with bond market investors in Europe and the United States starting on March 17.

AKK did not provide any further information when asked by MTI.

The meetings are a non-deal roadshow, Econews learnt.

AKK plans foreign issues of €4 billion this year, Econews reported earlier. The planned foreign issues are in line with expiring debt, including a €1 billion bond issued in 2001, bearing a 5.625% coupon and expiring on June 27, another €1 billion bond issued in 2004, carrying a 3.625% coupon and expiring on October 28, and the first, €2 billion repayment on Hungary's IMF-led financial support package due to the European Commission in November. Hungary signed for the package in November 2008.