ÁKK: Retail govt securities stock rises HUF 72 bln in February

Debt

The stock of government securities designed for the general public rose by HUF 72 bln in February – ten times as much as in the previous month, Government Debt Management Agency (ÁKK) said today.

The stock reached HUF 2.49 trillion at the end of February, up HUF 79 bln from a year earlier.

Small investors purchased HUF 44 bln worth of the inflation-pegged PMAK forint bonds in February, which pay a 3 percentage-point premium over inflation. This included HUF 28 bln of the new five-year series, which pays a 4 percentage-point premium.

The stock of Bonus retail bonds, which pay a 1.2-1.5 percentage-point premium, grew by HUF 4 bln, and the bigger part reflected purchases of private individuals.

The stock of the so-called baby bonds rose by HUF 600 mln and that of 6-month treasury bills by HUF 400 mln. The stock of interest-bearing treasury bills grew by HUF 21 bln in February after seven months of steady decline although HUF 14 bln of this was purchased by institutional investors.

The stock of Hungarian Premium Euro Bond (PEMAK) bonds was €2.6 bln at the end of February, ÁKK said. PEMAK bonds were introduced as the first foreign-currency-denominated government bonds on sale domestically in November 2012.

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