RADIO FREE EUROPE/RADIO LIBERTY, PRAGUE, CZECH REPUBLIC
RFE/RL NEWSLINE Vol 2, No. 80, 27 April 1998
HUNGARY TO HONOR PRE-WWII BONDS. Hungary will repay loans
stemming from bonds issued by Hungary before World War II,
"Magyar Hirlap" reported. Repayments to some $4 million to
bondholders will take place over the next 20-30 years. In an
advertisement published last week in the "Financial Times,"
Hungary offered to redeem bonds worth some 69,000 British
pounds. Holders of those bonds will receive a 2.75 percent
annual interest rate and the bonds will be redeemed at 110
percent of their face value. Dollar-denominated bonds will
be reimbursed until 2027 and sterling-denominated bonds
until 2017. MSZ
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