Hungary has repaid 450 billion forints’ worth of debt, the finance minister said on Tuesday.
Mihaly Varga said on Facebook that after having issued a bond oversubscribed twofold last week, Hungary redeemed 1.2 billion of US dollar bonds.
“Hungary’s public debt maturity is now more favourable and its financial stability is now stronger as a result,”
Varga said.
Even amidst war and an uncertain international environment, Hungary has managed not only to repay its debt on time, it has done so before the expiry, he added.
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