Plusz bond stock climbs over HUF 3 tln
shutterstock.com
Weekly sales of Hungarian Government Securities Plus bonds for retail investors reached HUF 94.3 billion in the 28th week after their launch, bringing total stock to HUF 3.038 trillion, data released by the Government Debt Management Agency (ÁKK) shows, state news wire MTI reports.
The weekly sales were over the HUF 81 bln average in the previous 20 weeks.
The Plusz bond, 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.
Speaking at a press conference on Monday, Finance Minister Mihály Varga stressed that there are no plans to change the conditions for the Plusz bonds.
He said just HUF 1 bln of the Plusz bonds had been redeemed early, responding to a question.
ADVERTISEMENT
Business Confidence Worsens, Consumer Confidence Improves
Parliament Negates Mandatory Membership in MOK
Haulier Koncsek Trans Invests HUF 150 mln in Garage Upgrade
Budapest Leaders Unveil Plans to Scale Back Traffic on Thoro...
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.
