ÁKK sells HUF 170 bln of two-year retail securities in April
Sales by the Government Debt Management Agency (ÁKK) of a new two-year security targeted at retail investors came to almost HUF 170 bln in April, the ÁKK said on Friday, according to Hungarian news agency MTI.
Sales of the securities, with a maturity between that of T-bills and bonds, accounted for 65% of the overall HUF 259 bln net increase in retail forint-denominated government securities during the month. Sales of the new two-year securities were launched on April 3.
The outstanding stock of retail forint government securities reached HUF 6,070.4 bln at the end of April, up 20% from the end of last year. Including the stock of retail government securities denominated in euros, total outstanding retail government securities reached HUF 6,189 bln in value.
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.