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Wing raises EUR 156 mln in bond auction

Nathan North 19 May 2020

Nathan North

Deputy editor

+48 22 356 25 22
nathan@eurobuildcee.com

Nathan is responsible for the English section of the magazine. Nathan was born in Manchester in the UK and completed a master’s degree in philosophy at the University of London. As well being responsible for editing the English section of ‘Eurobuild CEE’ magazine, he also contributes news from around Central Europe and articles on the investment and industrial markets and on architecture. In his free time he likes playing piano, drawing and cooking.

HUNGARY Hungarian real estate group Wing has raised HUF 54.7 bln (app. EUR 156 mln) from a bond auction, according to a communiqué posted on the Budapest Stock Exchange website.

The auction was held within the framework of the Bond Funding for Growth Scheme of the Central Bank of Hungary (MNB). The ten-year bonds have an average yield of 3.57 pct. The funds raised in the auction are to gbe invested in the further esxpansion of the company.

Earlier this year Wing raised its shareholding in Polish developer Echo Investment to more than 66 pct.

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