Hungary plans net forint debt issues of EUR 732.1mn in Q2 2014.

By bne IntelliNews March 18, 2014

Hungary’s state debt manager AKK plans net forint issues of HUF 228.6bn (EUR 732.1mn) on the domestic debt market in Q2 2014, the agency said in a statement. This will include HUF 433.6bn in net issues of government bonds and HUF 205bn in net repayments of treasury bills.

In gross terms, the total issue of government securities is planned to reach HUF 1.9tn, while the expiries are estimated at HUF 1.67tn in the reference period.

About HUF 780bn of the total issuance will be in three-month discount Treasury bills, while HUF 925bn will mature. The value of the twelve-month discount bonds is planned at HUF 360bn, while HUF 420bn will expire in two maturities on April 30 (HUF 195bn) and on June 25 (HUF 225bn). AKK will sell about HUF 230bn in one-year interest-bearing T-bills, which will match with the expiring volume.

Related Articles

Hungary's MOL strikes licensing deals essential to $1.9bn petrochemical expansion ambitions

Hungary's MOL announced on July 20 that it has struck licensing deals with Germany's Evonik Industries and Thyssenkrupp that will be essential in its plan to roll out a $1.9bn investment in ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Hungary signs deal to link to Russia's Turkish Stream gas pipeline

Budapest has signed a deal with Russia's Gazprom to link Hungary with the under-construction Turkish Stream ... more