Hungary issues green panda bond in amount of RMB 1bln

Source: Department of Regional Openness / Updated: 2021-12-29

Hungary has recently issued its three-year green panda bond in an amount of one billion yuan in China's interbank bond market. It was the first green sovereign panda bond issued by a sovereign country in China. The issuance is an essential milestone of economic and financial cooperation between China and Hungary.

The green sovereign panda bond, priced at an annual coupon rate of 3.28 percent, was well received by both international and local investors. The successful issuance of the bond represents the friendly relations between China and Hungary and Hungary's strong support for the internationalization of RMB.