By Bill Thornhill
01.15 PM
A draft amendment to the Hungarian covered bond regime, that brings it into line with the European Union's Covered Bond Directive, is likely to be a positive for the product's credit and should improve prospects for issuance in euros.
Bankers are hopeful that there will be covered bond supply from Hungary later in the year, depending on when the legal amendments are approved and whether issuers have a funding need.The Hungarian authorities have published a draft amendment to their covered bond law. which proposes strengthening it compared to
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