The deputy CEO of Hungary’s Government Debt Management Agency (ÁKK), László András Borbély, said ÁKK is planning to launch a three-year, floating-rate, euro-denominated bond targeted at retail investors. Borbély said that the first issue is expected to take place in a few weeks. He put the planned issue between HUF 50-60bn. Investors will not subscribe to the bonds, they will purchase them from stocks at a determined price. The last Hungarian euro-denominated bond of €1bn was in May 2011.
