State Treasury expects H2 gov’t securities sales of HUF 100 bln
Hungary’s State Treasury plans to sell about HUF 100 billion worth of securities designed for retail investors in the second half, thereby raising retail sales of forint securities over HUF 1 trillion this year, Treasury President József Dancsó told the daily Magyar Idők today.
Dancsó said that while there is no specific sales target, the aim is to increase retail sales as much as possible. The Treasury plans to raise the number of retail sales points from the present 79, while expanding internet and mobile sales channels. The Treasury receives a distribution fee, similar to any market distributor, he noted.
Net sales of retail securities reached HUF 1.106 trln in 2015, according to figures of the Government Debt Management Agency (ÁKK). The ÁKK sold a net HUF 907 bln in retail forint government securities in the first five months of this year, the latest available ÁKK figures show. The stock stood at HUF 4.425 trln at the end of May, making up 17.7% of all outstanding central budget debt.
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