Hungary successfully issues 1 billion yuan green sovereign p

Budapest, December 15th - On December 14th, Hungary successfully issued a 1 billion yuan green sovereign panda bond with a maturity of 3 years in the Chinese interbank bond market. This pioneering measure marks the first time that a foreign sovereign state has issued green sovereign panda bonds in China.

During the online event of the issuance celebration ceremony, Deputy State Secretary of the Hungarian Ministry of Finance, Bolog Laszlo, pointed out that this issuance is of great significance and can be regarded as an important milestone in the economic and financial cooperation between Hungary and China. He emphasized that Hungary has full confidence in the Chinese market and hopes to establish long-term cooperation with China.

As an underwriter, Bank of China revealed that the green sovereign panda bonds in this issue have been warmly sought after by domestic and foreign investors, with a coupon rate of 3.28% and a subscription multiple of 1.78 times, of which orders from overseas investors account for 40%. The success of this issuance not only demonstrates the friendly relationship between China and Hungary, but also reflects Hungary's strong support for the internationalization of the renminbi.

Liu Bo, Minister Counsellor of the Chinese Embassy in Hungary, stated that the successful issuance of the Green Sovereign Panda Bond is an important cooperation achievement after the signing of the Memorandum of Understanding between the Chinese Ministry of Commerce and the Hungarian Ministry of Innovation and Technology in November this year to promote investment cooperation in the field of green development. It means that China and Hungary have achieved breakthroughs in green finance cooperation.