The net sales were up from just under HUF 700 bln in 2013. Almost 81% of the net sales were in bonds. Purchases by institutional investors could be significant last year, ÁKK said, referring to MNB figures for January-November.
Non-profit organizations are also eligible to buy the retail government papers, and other financial institutional investors can buy them on the secondary market. The stock sold to the general public reached HUF 2.411 trillion at the end of 2014. Including the HUF 10.3 bln stock of the so-called Baby bonds, bonds made up 938.1 bln of the total.
The stock of the most popular treasury bills, the interest-bearing bills was HUF 1.089 trillion and other short-term papers made up the remainder. The stock of Hungarian Premium Euro Bond (PEMAK) bonds stood at €2.46 bln at the end of November, ÁKK said, implying that net sales of PEMAK totaled €1.1 bln in the first eleven months. PEMAK bonds were introduced as the first foreign-currency-denominated government bonds on sale domestically in November 2012.
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