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HUNGARY: Hungary Could Issue EUR500m of Samurai Bond in Autumn

HUNGARY

Comments from the CEO of Hungary's Debt Agency have crossed the wires (below comments provided by Reuters News):

  • Hungary has no plans to increase share of foreign currency debt above current 30% limit
  • Hungary could issue up to 500m euros in samurai bond in autumn depending on market conditions
  • About 1.5bln euros of FX debt expiring in 2025, likely to be refinanced in foreign currency
  • There may be some net FX debt issuance in 2025, but 30% share of FX debt is 'hard limit'
  • One mainstream FX bond and smaller panda bond sale next year 'likely scenario' based on current outlook
  • Upcoming period until end of 2025 will focus on forint debt, domestic funding rather than FX borrowing” 

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