Plusz bond stock nears HUF 2.3 tln
Subscriptions for Hungarian Government Securities Plus (MÁP Plusz) bonds for retail investors reached HUF 77.4 billion in the 19th week after their launch, lifting total subscriptions to HUF 2,282.4 bln, show data published by the Government Debt Management Agency (ÁKK).
Weekly subscriptions were up a little from HUF 73.4 bln in the previous week, state news wire MTI reported.
The Plusz bond, which pays an annualized yield of 4.95% if held for the full five-year maturity, attracted record demand in the first week it was available, and weekly subscriptions remained over HUF 100 bln until the seventh week after its launch.
The lowest weekly subscription of the bond was HUF 52.4 bln, albeit during a week when businesses were open for just three days because of a long weekend for the August 20 national holiday.
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.