Are you sure?

Hungary plans sale of 10-year bonds in pounds

Hungary plans to sell bonds in pounds, according to an e-mailed statement from Barclays Capital, one of the banks organizing the sale. Hungary hired Deutsche Bank AG and Lehman Brothers Inc. to manage the sale of the 10-year debt with Barclays, according to the statement. The offering will be benchmark in size, the statement said, without giving more specific information. The debt will be sold “in the near future” following presentations to U.K.-based investors, the statement said.