Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

E-Star Gains for Best 3-Day Rally Since 2009 on Bond Plans

Oct. 30 (Bloomberg) -- E-Star Alternativ Nyrt., a Hungarian energy supplier, recorded the biggest three-day rally in more than three years after buying back more of its overdue bonds.

The shares rose 15 percent to 435 forint by the close in Budapest. The stock advanced 38 percent in the past three days, the biggest gain since the three days through May 25, 2009.

E-Star bought back notes which expired on Oct. 24, with a nominal value of 3.7 million forints ($17,000) at a gross rate of 35 percent, the company said in a statement to the Budapest Stock Exchange late yesterday. E-Star’s shares have rallied since the company said last week it will use payments received from the state to help buy back the overdue bonds.

“The question mark is whether remaining bondholders are willing to accept” the 35 percent of nominal value, Peter Szentirmai, a Budapest-based analyst at KBC Groep NV’s broker unit, wrote in an e-mailed report.

To contact the reporter on this story: Andras Gergely in Budapest at

To contact the editor responsible for this story: Gavin Serkin at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.