Tuesday, July 14, 2020
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Wing raises €156 million for further expansion

In order to expand its investment portfolio and implement its growth strategy, Hungarian investor-developer Wing has raised €156 million (HUF 54.7 billion) within the framework of the Central Bank of Hungary’s Funding for Growth Scheme.

The bond auction of Wing was successfully completed within the framework of the Central Bank of Hungary’s Funding for Growth Scheme, where the central bank and qualified institutional investors subscribed for HUF 54.7 billion in corporate bonds. The maturity of the securities is 10 years. The average yield on bonds is 3.56 percent. Wing intends to use the raised funds to further expand its investment portfolio and implement its growth strategy. The Central Bank of Hungary (MNB) launched its corporate bond purchase program last summer, raising its budget to €1.285 billion (450 billion) last December.

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