Hungary issues green panda bonds to the Chinese market

Hungary has become the first country in the world to successfully issue a green “panda” bond – targeted at the domestic Chinese market – with a value of around 50 billion forints (EUR 136m), Finance Minister Mihály Varga said at a press conference on Tuesday.

A week earlier, Zoltán Kurali, the head of the Government Debt Management Agency, said Hungary had mandated the Bank of China to arrange the issue of a yuan-denominated green panda bond. He said the aim of the transaction was to ensure Hungary’s continuous market presence in China.