This discussion brought together funding heads from Hungary’s sovereign bond issuance programme and from experienced borrowers in the global debt capital markets. Led by Zoltán Kuráli, chief executive officer for the country’s debt management office, ÁKK, representatives from these issuers joined a panel of bond portfolio managers from around Europe. They discussed funding programmes, aims and strategies for bond issuance in 2024 and how borrowers decide on currency, maturity and bond themes. The discussion also covers how borrowers communicate with the buyside 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 examined the plans presented by borrowers and the 90-minute exchange of ideas was moderated by OMFIF’s Clive Horwood.
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 features 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 with 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. It will culminate in a research report released in late 2023.