Due to Delay of EU’s Recovery Fund, Issuance of Hungary’s FX Bonds Hits Record High

The Government Debt Management Agency (ÁKK) has modified its 2021 issuance plan to make room for an additional 4.5 billion euros of FX bond issue. The decision was necessary because of a dispute between the Hungarian government and the EU, which has delayed the release of the EU’s Covid recovery fund. The ÁKK’s recent move is the largest-ever, one day new debt issuance in Hungary.
The ÁKK modified its 2021 financing plan on Tuesday in order to establish …
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Due to Delay of EU’s Recovery Fund, Issuance of Hungary’s FX Bonds Hits Record High

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