Masterplast takes the first steps for the issuance of BGS bonds
Hungarian building materials maker Masterplast says it has taken the first steps to issue a 10-year guarantee under the National Bank of Hungary’s (MNB) Bond Financing for Growth (BGS) program, according to an announcement. on the Budapest Stock Exchange website.
The scale, coupon and timing of such an issue will be determined at a later date, Masterplast said. The company issued two seven-year HUF 6 billion BGS bonds in December 2019 and December 2020.
The MNB launched the bond program in the summer of 2019 with the aim of strengthening Hungary’s relatively small corporate bond market. The program allocation is HUF 1.15 trillion.
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