Hungary mandates Bank of China for yuan-bond roadshow
The Bank of China has been mandated by the Hungarian government to organize a roadshow for the possible issue of a yuan bonds, an official from the Government Debt Management Agency (ÁKK) told Reuters today.
“The negotiations about this have already taken place and the prime minister has announced this, so the possibility is there,” Reuters cited the official. “This is a non-deal roadshow that may result in a renminbi-denominated bond issuance in the near future,” the official reportedly said.
After Hungary’s Prime Minister Viktor Orbán and President of the Bank of China Guoli Tian signed a cooperation agreement on Hungary issuing yuan-denominated government bonds in November, Economy Minister Mihály Varga said in December that Hungary could issue yuan bonds valued at up to €420 million this year.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.