Govʼt Securities Plus bond subscriptions rises to HUF 4.675 tln
Subscription of the Hungarian Government Securities Plus bond (MAP+) for retail investors has reached HUF 4.6749 trillion, according to weekly data released by the Government Debt Management Agency (ÁKK).
Photo courtesy of Mihály Vargaʼs Facebook page
The latest weekly subscription of the MAP+, launched a year ago in June, reached HUF 21.4 billion, during a shortened work week due to the August 20 national holiday, down from HUF 42.2 bln in the previous week.
MAP+, which pays an annualized yield of 4.95% if held for the full five-year maturity, has attracted record demand among retail investors in Hungary, taking some of the heat off the real estate market where home prices, especially in the capital, had earlier risen faster than anywhere in the European Union.
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.