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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves, People more

Hungarian official puts faith in “Islamic bonds,” Russian buyers after debt sale tanks

Posted on 04 October 2011

Gyula Pleschinger, the head of Hungary’s debt management agency, made some waves at a Friday conference in Pécs when he first said that Hungary’s sovereign debt could be downgrade to junk status, and then quickly reversed himself. While it was a pretty bad gaffe, at least it drew attention away from some other things he said.
“We are working hard to have a presence among buyers of Islamic bonds and I hope that in the first half of next year we’ll succeed,” Pleschinger said. “We are also thinking of a ruble bond sale on the Russian market, which we would then swap for euros or dollars.”………………………………………Full Article: Source

 
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