Hungarian borrowers in the global bond markets

This discussion brings together funding heads from Hungary’s sovereign bond issuance programme and from experienced borrowers in the global debt capital markets. Including companies in the energy sector – such as MOL and MVM as well as EXIM, Hungary’s export credit agency – who are active users of these markets, this event is an opportunity to discuss key issues from across the industry.

Led by Zoltán Kuráli, chief executive officer for the country’s debt management office, ÁKK, representatives from these issuers will join a panel of bond portfolio managers from around Europe. They will discuss funding programmes, aims and strategies for bond issuance in 2024 and how the borrowers decide on currency, maturity and bond themes. The discussion will also cover how borrowers communicate with the buy-side and what they look for from intermediary banks, how they view the rates and inflation environments, and the macro and geopolitical influences on their funding strategies.

Investors both on the panel and in the audience will examine the plans presented by borrowers and the 90-minute exchange of ideas will be moderated by OMFIF’s Christopher Garnett. Full audience participation is invited, and the conclusions of the workshop will be presented in OMFIF’s end-of-year research report on Hungary.

This discussion forms part of a wider project ‘Unlocking Hungary’s post-pandemic growth potential’. This project comprises interviews with Magyar Nemzeti Bank and Hungary’s finance ministry, alongside investors. It will feature an international conference, held in Budapest on 16 November, bringing together a highly influential group of asset owners, investment managers, policy-makers, bankers and other financial services providers to join speakers from the official sector. They will provide the international financial community with unique insights into regional macroeconomic developments and the potential to invest in and via Hungary. This project will culminate in a report released in late 2023.