04.10.2011 - Hungarian official puts faith in “Islamic bonds,” Russian buyers after debt sale tanks
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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