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Published on 12/10/2018 in the Prospect News Emerging Markets Daily.

Hungary plans to issue Panda bonds, taps underwriters

By Rebecca Melvin

New York, Dec. 10 – Hungary announced plans to issue a renminbi-denominated offering of bonds, mandating Bank of China and HSBC to arrange the issue, a market source said on Monday.

The offering represents Hungary’s second sovereign Panda bond. The country was last in the Chinese interbank bond market in July 2017 when it issued RMB 1 billion of 4.85% three-year notes.


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