By Reuters Staff
(Adds debt agency statement)
BUDAPEST, April 12 (Reuters) - Hungary’s central bank is committed to buy green government bonds as part of its asset purchase programme, the bank said on Monday in a reply to Reuters questions about a 30-year green government bond issue planned for this month.
The new forint-denominated green bond will be offered at an auction on April 22, the debt agency said in a reply to Reuters questions on Monday. The agency said it planned to sell 90 billion forints ($300 million) worth of the bond in 2021.
The National Bank of Hungary, led by an ally of Prime Minister Viktor Orban, has injected huge sums into the pandemic-hit economy over the past year, including billions of euros worth of government bond purchases. This has supported the local bond market at a time of surging borrowing needs.