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Net sales of retail govʼt securities reach HUF 64.8 bln in July

Telco

Net sales of forint-denominated government securities targeted at retail investors came to HUF 64.8 billion in July, bringing the total stock to HUF 4.5417 trln, 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, added up to HUF 34.4 bln in July. Retail investors also bought HUF 15.6 bln of Premium Hungarian Government Bonds (PMAK) and HUF 3.8 bln of Treasury savings bills. 

Purchases of six-month T-bills reached HUF 7.6 bln, but only HUF 2.7 bln of Bonus Hungarian Government Bonds (BMAK) and HUF 500 million of “baby bonds” were bought.

At the end of July, interest-bearing T-bill stock reached HUF 2.3155 trln. PMAK stock was HUF 907.4 bln, while the stock of Treasury savings bills reached HUF 430.3 bln.

The stock of six-month T-bills was HUF 395.2 bln, while BMAK stock reached HUF 470.2 bln at the end of last month. Baby bond stock came to HUF 23.1 bln.

The stock of retail government securities increased by HUF 1.0243 trln in the first seven months of 2016, the ÁKK said.

The stock of Premium Euro Hungarian Government Bonds (PEMAK) stood at €0.9 bln at the end of July. The PEMAK stock was down €900 mln in the first seven months.

The ÁKKʼs issue plan for this year, released in December 2015, targets net issues of retail securities of HUF 1.008 trln, including net forint issues of HUF 1.979 trln and net FX redemptions of HUF 971 bln. Last year, net sales of retail forint-denominated government securities came to HUF 1.106 trln.

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