Government Security Plus sales pass HUF 1 tln in 4 weeks
shutterstock.com
Retail investors bought more than HUF 1 trillion of Hungarian Government Security Plus (MÁP Plusz) papers in the first four weeks of their availability, Minister of Finance Mihály Varga said in a video posted on his Facebook page Monday, state news wire MTI reported.
Image: Shutterstock
In the first week after the launch of the MÁP Plusz bonds, which pay an annualized yield of 4.95% if held for the full five-year maturity, retail investors bought HUF 529 bln, a record.
Subscription in the second week reached HUF 161 bln, and it came to HUF 194 bln in the third week. In the fourth week, subscription totaled HUF 132 bln.
The Hungarian Government Security Plus pays a rate gradually rising from 3.5% to 6.0% over five years.
ADVERTISEMENT
Karotin Developing Soil Management System in HUF 545 mln R&D...
Parliament Negates Mandatory Membership in MOK
Graphisoft Introduces Archicad Collaborate
Service Restarted on Full Length of Metro Line M3
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.
