“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.