Hungary To Issue Euro Bond In Jan Or Feb
- 8 Jan 2016 8:00 AM
Hungary will issue a Eurobond in either dollars or euros in January or February, Economy Minister Mihály Varga said in an interview with Bloomberg. “The custom in central and eastern Europe is to finance ourselves as rapidly as possible early in the year so there’s peace and quiet afterwards,” he said. “Because of maturities we obviously need to make a market move in January or February,” he told Bloomberg without elaborating on the size or maturity.
Varga said in December that Hungary could issue a yuandenominated bond up to 3 billion yuan (EUR 420m) in 2016.
Meawhile, Varga told Bloomberg that the government may re-privatise MKB Bank by listing the lender on the stock exchange. “One scenario in the case of the privatisation of MKB Bank is also to do it via the stock exchange,” he said.
“We can’t exclude the option of putting our stake in Budapest Bank on the market along with the sale of MKB,” he added, without offering further details.
The state of Hungary acquired Budapest Bank from GE last year and MKB Bank from BayernLB in 2014.
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MTI photo: Soós Lajos
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