Net sales of retail gov’t securities HUF 93.6 bln in November

Telco

Net sales of forint-denominated government securities targeted at retail investors came to HUF 93.6 billion in November, bringing the total stock to HUF 4.9013 trillion, the 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, totaled HUF 56.2 bln in November. Retail investors also bought HUF 25.9 bln of Premium Hungarian Government Bonds (PMÁKs) and HUF 5 bln of Treasury savings bills. 

Net sales of six-month T-bills reached HUF 5.2 bln, but only HUF 0.6 bln of Bonus Hungarian Government Bonds (BMÁKs) and HUF 700 million of "baby bonds" were sold.

At the end of November, the interest-bearing T-bill stock reached HUF 2.5406 trillion. The PMÁK stock totaled HUF 985 bln, while the stock of Treasury savings bills reached HUF 444.4 bln.

The stock of six-month T-bills was up at HUF 428.9 bln, while BMÁK stock reached HUF 476.8 bln at the end of last month. The baby bond stock came to HUF 25.5 bln.

The stock of retail forint-denominated government securities rose by HUF 1.384 tln in the first eleven months of 2016, the ÁKK said.

The stock of Premium Euro Hungarian Government Bonds (PEMÁKs) stood at EUR 0.42 bln at the end of November. The PEMÁK stock was down EUR 1.38 bln in the first eleven months.

The ÁKKʼs issue plan for this year, released in December 2015, targets net issues of retail securities of HUF 1.008 tln, including 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.

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