On October the 17th 2019, Duna Aszfalt Zrt. /cPLC/ (then Ltd.) issued bonds worth HUF 30 billion under the Growth Bond Program announced by the National Bank of Hungary. The bonds have a 10-year term, a fixed annual interest rate of 2.99%, and the capital will have to be repaid in one lump sum at the end. The bonds were later registered in the XBond multilateral trading system operated by the Budapest Stock Exchange Zrt. on April the 6th 2020.
Our company used the funds from the issuance to diversify its activities and to expand its operational scale through acquisitions and new projects.
Scope Ratings GmbH, an independent credit rating agency based in Germany, once again assessed the bonds issued by Duna Aszfalt in 2025 based on a comprehensive analysis of the group’s financial position. As a result, the company and its bonds also achieved a BB- rating with a stable outlook. The maintenance of the rating is primarily attributable to the implementation of the geographical diversification strategy, stable profitability and a favorable liquidity position.
The full publication is available in English at the following link:
Publication in English
