ADVERTISEMENT

Net sales of retail govʼt securities reach HUF 143 bln in July

Telco

Net sales of forint-denominated government securities targeted at retail investors came to HUF 143 billion in July, bringing the total stock to HUF 6,358.6 bln at the end of the month, the Government Debt Management Agency (ÁKK) said on Wednesday, as reported by state news wire MTI.

Monthly sales rose from HUF 89 bln in June.

The stock of retail forint-denominated government securities was up almost HUF 1,291 bln in the first seven months of 2017, the ÁKK said. The seven-month rise compares to a HUF 1,551 bln increase in the full year of 2016.

Net sales of interest-bearing Treasury bills added up to HUF 111.3 bln in July. Retail investors also bought HUF 80.2 bln of the inflation-pegged Premium Hungarian Government Bonds (PMÁKs) and HUF 16.3 bln of the recently introduced two-year retail securities, which pay 2.50% interest at present.

There were net redemptions, in contrast, of half-year retail securities, totaling HUF 66 bln.

The ÁKK noted the continuing shift towards longer-term maturities in the retail portfolio of government securities.

ADVERTISEMENT

Pressure increasing on CFOs - PwC survey Analysis

Pressure increasing on CFOs - PwC survey

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

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.