Hungary Plans Bond Sales In 2012

Hungary is looking to raise $6.2 billion through a sale of foreign notes next year,Bloombergreports, citingDow Jones Newswires. It is also planning to sell local-currency bonds worth $4.3 billion in 2012.

Hungary aims to attract new investors, such as Russia, China and the Arab countries, to its bond market. The debt agency is in discussions with three or four banks includingBank of China, which may join Hungary’s debt market as primary dealers.

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