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Eurobond Issuance Shields Hungary Against EU Budget Delays - FinMin Varga

HUNGARY
Local News
  • FinMin Varga says Hungary financing is secured for 2021 without EU funding and prepared for the budget delay after selling $3bn in Eurobonds in early-Nov.
  • Aims to keep foreign FX ratio of sovereign debt below 20% and plans to cut further once normality returns.
  • Also notes that the Finance Ministry has calculated several scenarios, including the most optimal for a quick deal.
  • Orban and Polish PM Morawiecki scheduled to meet tomorrow in Budapest to discuss positions on the EU Budget - BBG- Cabinet due to discuss whether lockdown restrictions need tightening today (bbg)
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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