Hungary Plans $2 Billion FX Bond Sale in 2013, Varga Says - Bloomberg:
"Hungary is planning to tap international bond markets again this year as the U.S. Federal Reserve’s decision to maintain monetary stimulus helps boost demand for debt, Economy Minister Mihaly Varga said.
The cabinet, which sold $3.25 billion of bonds in February, wants to sell more foreign debt in 2013, probably in dollars, Varga said yesterday in an interview in Budapest. This year’s budget financing is ensured even without an issue, he said.
“At the time of the February bond sale, the government’s intention was to raise $2 billion and this is roughly the amount one can expect in a bond issue in the remainder of the year,” Varga said. The dollar market is the most liquid and provided “very favorable feedback” in February, he said."
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