London Stock Exchange welcomes Hungarian Government
London Stock Exchange welcomes Hungarian Government to open London Trading
London Stock Exchange today welcomed the Hungarian Government to celebrate the listing of its first RMB denominated government bond on the Main Market.
The Hungarian Government mandated the Bank of China to arrange an RMB denominated three year sovereign bond of RMB 1 billion as part of a wider initiative to boost links and commerce between Hungary and China.
Mihály Varga, the Minister for National Economy of Hungary, was invited to open the market this morning.
Nikhil Rathi Chief Executive Officer, London Stock Exchange plc:
“London is the world’s most international financial market and home to the largest number and most diversified issuer base for RMB bonds in the world. Today’s listing, Hungary’s first RMB denominated bond and a first for Continental Europe, is a clear demonstration of London Stock Exchange’s position as a leading centre for RMB debt issuance.”
Mr. SUN Yu, CEO of Bank of China (UK) Limited:
“Bank of China was the sole underwriter of the 1st Dim Sum issue from Hungary or Continental Europe. The transaction was a real milestone both for ÁKK and the market and offered Asian and Global investors a new sovereign name as well as reopening the Dim Sum market that had seen no benchmark issuance since November 2015."