Finance Minister Mihaly Varga – Photo: MTI

Hungary repays HUF 450 billion of debt

Hungary has repaid 450 billion forints' worth of debt, the finance minister said on Tuesday.

Mihaly Varga said on Facebook that after having issued a bond oversubscribed twofold last week, Hungary redeemed 1.2 billion of US dollar bonds.

“Hungary’s public debt maturity is now more favourable and its financial stability is now stronger as a result,” Varga said.

Even amidst war and an uncertain international environment, Hungary has managed not only to repay its debt on time, it has done so before the expiry, he added.

Leave a Reply