For the first time in the history of Cordia, the company issued its first bonds in Budapest Stock Exchange to finance its expansion! The group raised EUR 135 m in its debut transaction which was heavily oversubscribed by financial institutions.

The National Bank of Hungary (MNB) launched its corporate bond programme in July 2019, under which it is buying bonds issued by Hungarian corporations with a rating of at least B+ for up to HUF 300 billion. Over the last few months, Scope Ratings assigned ratings to several participating companies and added Cordia International Zrt. to this list in September.

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