Net sales of retail govʼt securities reach HUF 116 bln in October
pexels
Net sales of forint-denominated government securities targeted at retail investors came to HUF 116.6 bln in October, bringing the total stock to HUF 4,807.7 bln, Hungaryʼs Government Debt Management Agency (ÁKK) said yesterday, according to Hungarian news agency MTI.
Net sales of interest-bearing Treasury bills, one-year papers designed for the general public, added up to HUF 77.4 bln in October. Retail investors also bought HUF 17.9 bln of Premium Hungarian Government Bonds (PMÁK) and HUF 2.3 bln of Treasury savings bills.
Net sales of six-month T-bills reached HUF 17.3 bln, but only HUF 1.2 bln of Bonus Hungarian Government Bonds (BMÁK) and HUF 600 million of "baby bonds" were sold.
At the end of October, the interest-bearing T-bill stock reached HUF 2.484 tln. The PMÁK stock was HUF 959 bln, while the stock of Treasury savings bills reached HUF 439.4 bln.
The stock of six-month T-bills was up at HUF 423.7 bln, while the BMÁK stock reached HUF 476.2 bln at the end of last month. The baby bond stock came to HUF 24.8 bln.
The retail forint-denominated government securities stock was up HUF 1.290 tln in the first ten months of 2016, the ÁKK said.
The Stock of Premium Euro Hungarian Government Bonds (PEMÁK) stood at EUR 0.4 bln at the end of October. The PEMÁK stock was down EUR 1.4 bln in the first ten months, with the month of October alone accounting for a EUR 0.54 bln drop.
The ÁKKʼs issue plan for this year, released in December 2015, targets net issues of retail securities of HUF 1.008 tln, comprising net forint issues of HUF 1.979 tln and net FX redemptions of HUF 971 bln. Last year, net sales of retail forint government securities came to HUF 1.106 tln.
ÁKK Sells HUF 50 bln of Bonds at Auction, Over Plan
Hungary to Address Future of Cohesion Policy During EU Presi...
2/3 of Hungarians Have Basic Expectation of Home Office
Time Out Market to Open in Budapest Next Year
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
