Hungary to issue Eurobond in January or February

Budapest, January 7 (MTI) – Hungary will issue a Eurobond in either dollars or euros in January or February, Economy Minister Mihaly Varga said in an interview with Bloomberg published on Thursday.

“The custom in central and eastern Europe is to finance ourselves as rapidly as possible early in the year so there’s peace and quiet afterwards,” Varga said in the interview, conducted on Wednesday.

“Because of maturities we obviously need to make a market move in January or February,” he told Bloomberg without elaborating on the size or maturity.

Varga said in December that Hungary could issue a yuan-denominated bond up to 3 billion yuan (EUR 420m) in 2016.

Prime Minister Viktor Orban and Bank of China Chairman Tian Guoli signed a cooperation agreement on issuing yuan-denominated Hungarian government bonds during an official visit by the prime minister to Beijing last November.