Hungary's State Debt Manager ÁKK Issues Far Exceed Target In Q1
- 7 Apr 2014 9:00 AM
State debt manager ÁKK issued bonds to a total value of Ft 737.6 billion in the first quarter, well over the Ft 342 billion target and reaching 43.3% of the goalgoal for 2014.
After setbacks at the end of 2013 and early 2014, emerging markets are again attractive to investors, analyst Dániel Bebesy of fund manager Budapest Alapkezel commented.
The ÁKK would like to replace some of the large amount of foreign-denominated debt that matures this year with forint-denominated credit, which is why it dramatically raised the amounts of its forint bonds issued so far in2014, Bebesy added.
Source: Hungary Around the Clock
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