Hungary Post Pones Planned Yuan Bond Issue
- 14 Jan 2016 2:00 AM
Hungary is putting its plan to issue yuan-denominated bonds on hold due to market turmoil, Dow Jones said, quoting a source familiar with the matter. “There is no time line for the issuance,” the source told Dow Jones. “Risk sentiment is weak and there’s not much interest in CNH bonds now. Investors are staying on the sidelines,” the source said. Offshore yuan is also known as CNH.
Hungary’s Government Debt Management Agency (ÁKK) said on Wednesday that it wound up a nondeal road show for a yuan bond issue.
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