Bayer Construct did not provide adequate information about the billion-dollar repayment, the stock exchange took action

The Budapest Stock Exchange suspended trading of Bayer Construct's bonds due to lack of information regarding a significant debt repayment. The company, under bankruptcy proceedings, failed to clarify whether it met its payment obligations due on October 21. Although the company is under a payment moratorium since September 25, the suspension was triggered by its inadequate communication. Bayer Construct's financial troubles worsened, with a significant drop in revenue and a downgrade by Scope Ratings. The company filed for bankruptcy after a government decision to withdraw from a property purchase, citing regulatory changes and market conditions as contributing factors.