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Hungary could issue in yen, yuan, other currencies, says debt-manager head

Hungary could issue in yen, yuan, other currencies, says debt-manager head

(MTI) – Hungary’s government debt manager AKK is seeking the possibility to issue bonds not only in forints, dollars or euros, AKK chief Istvan Torocskei said at a Euromoney conference in Vienna on Tuesday.

The government debt manager is reviewing the Japanese, the Chinese and other Far Eastern markets and is also investigating the possibility to tap the Russian and the Turkish market, Torocskei said.

Hungary is to issue bonds up to 3.5 billion euros on international markets this year, down from 4 billion last year, he said, reiterating the goals set in the annual issue plan announced last week.

Investors mainly look at a country’s economic fundamentals when making decisions to invest, therefore Hungary is not adversely affected by the Fed tapering, he said.

Photo: kapcsolat.hu

Source: http://hungarymatters.hu/

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