Hungary in talks with investors in Japan, China on green bond issue

Hungary is in talks on the issue of a three- to five-year "green bond" with investors in Japan and China, Finance Minister Mihaly Varga said in an interview published on business news website mfor.hu on Monday. "We're currently in talks on the green bond in two markets, in Japan and in China. There is stronger interest [in Japan] where a number of players have appeared as partners for an issue. We'll launch this year; the framework will be established by mid-year on the basis of which we can decide the issue scale of such a security. We're thinking of a three- to five-year maturity, and we'll use the proceeds to finance investments that specifically protect the climate," Varga told mfor.hu.