Hungary Is Seeking Buyers for the Longest Sovereign Green Bond
- Eastern European nation sells more 30-year notes than planned
- Debut domestic green bond’s yield is among highest in region
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Hungary sold more of its debut domestic green bond than planned, as investors flocked to the high yield offered by the world’s longest maturing eco-friendly debt.
Investors bid 141 billion forint ($470 million) for the local currency notes due in 2051, allowing the debt agency to sell 30 billion forint or 50% more than expected, according to auction results published on Bloomberg. The average yield was 3.69%, among the highest in Europe and a full percentage point above its conventional 10-year bonds.