Templeton Has 10% Of Hungarian Debt

  • 23 Apr 2013 9:00 AM
Templeton Has 10% Of Hungarian Debt
US investment fund Franklin Templeton bought some 25% of the $3.25 billion worth of bonds issued by Hungary in the middle of February, Napi Gazdaság calculates, based on the fund’s reports.

At the end of March, Templeton held $10.335 billion in Hungarian bonds, about 10% of Hungary’s total state debt, controlled by Templeton executive Michael Hasenstab.

Templeton receives about $500 million in interest from the Hungarian state annually.

Source: Hungary Around the Clock

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