AKK sold JPY 1.3bn of a ten-year green bond at a spread of 1.48pc over the JPY TONA mid-swap rate.

It also sold JPY 38.3bn of a conventional three-year bond at a spread of 1.1pc over mid-swaps.

The lead organisers for the issues were Mitsubishi UFJ Morgan Stanley Securities, Mizuho Securities, Nomura Securities and SMBC Nikko Securities.

The proceeds from the green series will be used to finance and refinance certain green expenditures of the central budget, and the proceeds from the other series will be used for general financing purposes of the central budget.

The capital and interest payments from the Japanese Yen bonds will be swapped into euros by AKK in accordance with debt management rules.

Source: 
MTI - The Hungarian News Agency, founded in 1881.

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