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EU Parliament Assessment Could Secure Funding Deal by Year-End

HUNGARY
  • Thursday could be key for Hungary’s hopes to secure EU funding, with the European Parliament set to present their assessment of the anti-graft legislation passed through Hungarian parliament in order to cement payments. Late last week, ministers saw the government as having “every chance” of signing a deal with Brussels before the end of the year.
  • Local press flags the success of Hungary’s panda bond issuance this week (the CNY 2bln line was priced at par to yield 3.75%). The finance minister stated that the issue expands Hungary’s network of investors and strengthens cooperation with China. The sale puts foreign currency debt just above 25% of the total, well below the 50% share in 2010.
  • Bonds are to be sold domestically Thursday, with HUF 55bln across 2025, 2028 and 2032 lines.

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