Govt Debt Manager To Issue New Hungarian Euro Bond
- 12 Feb 2014 8:00 AM
Hungary’s debt management agency (ÁKK) will soon issue a new Hungarian Premium Euro Bond (PEMÁK). The ÁKK said on Tuesday said that the new PEMÁK bonds would be available for purchase exclusively at the Hungarian State Treasury. The ÁKK sold the entire stock of its most recently issued PEMAK bond, the 2016/Y, on Jan. 10.
The agency has issued three PEMÁK bonds since November 2012. The total stock of these three bonds was 1.35 billion euros at the end of 2013.
Retail purchasers held 24.4% of the stock at that time, domestic institutional investors held 70.8%, while foreign investors had 4.8%.
Source www.hungarymatters.hu
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