Wingholding raises HUF 24.5 bln from BGS bond sale
Shutterstock.com
Hungarian property developer Wingholding raised HUF 24.5 billion from the sale of a 10-year bond under the Bond Funding for Growth Scheme (BGS) of the National Bank of Hungary (MNB), according to auction data posted on the website of the Budapest Stock Exchange.
Wingholding had offered HUF 25 bln of the securities with a 3% annual coupon.
Bids reached HUF 25.3 bln. Average yield was 3.44%, 27 basis points over mid-swaps.
In August, Wingholding published a framework for the issue of green bonds to increase its investments in "green and sustainable" projects by developing new buildings with improved energy efficiency and upgrading the energy efficiency of existing buildings. Wingholding raised HUF 54.4 bln with a BGS bond issue in the spring of 2020.
Report Points to Increased Risk on Commercial Real Estate Ma...
Chinese President to Visit Budapest in May
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
