Goldman Sachs, Raiffeisen, ING Lead Among Hungary Debt Dealers
Goldman Sachs Group Inc. (GS) had the biggest secondary-market share among primary dealers in Hungarian government debt last year, the Debt Management Agency said today.
Raiffeisen Bank International AG (RBI) held the biggest share of the primary market in bonds and ING Groep NV (INGA)’s unit took the most in treasury bill sales, the agency, known as AKK, said in an e-mailed statement today. Citigroup Inc. (C) was the primary dealer that increased its market share the most dynamically, the agency said, without giving a breakdown of market share.
Primary dealers have the exclusive right to take part in government debt auctions. The agency sold 6.477 trillion forint ($29 billion) in debt last year, according to the statement.
Hungary, the most indebted eastern European member of the European Union, plans to finance itself “completely” from the market this year, the AKK said.
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