ADVERTISEMENT

ÁKK Cuts Premium on Inflation-linked Retail Security

Debt

The Government Debt Management Agency (ÁKK) has announced it will cut the premium on the new series of its inflation-linked Premium Hungarian Government Security (PMÁP) for retail investors from August 1, according to a report by state news wire MTI.

The new 2033/I PMÁP, the security's longest maturity yet, will pay a 0.25% premium over annual average inflation, or 14.75%, calculating with last year's CPI of 14.5%, ÁKK said.

Sales of the 2031/I PMÁP, which pays a 1% premium over inflation, and the 2028/L PMÁP, which pays a 0.25% premium, will cease with the rollout of the new series, it added.

With the measure, ÁKK said it aimed to extend the maturity of households' holdings of government securities.

ÁKK noted that households had subscribed gross HUF 2.129 trillion of the PMÁP papers in the first half of the year.

HuPRA's Report Highlights Crisis Comms Trends in 2023 Analysis

HuPRA's Report Highlights Crisis Comms Trends in 2023

Informal EU Foreign Ministers Meeting Moved from Budapest to... EU

Informal EU Foreign Ministers Meeting Moved from Budapest to...

Bumchun Plows EUR 21 bln Into Expansion in Hungary Automotive

Bumchun Plows EUR 21 bln Into Expansion in Hungary

CATL Debrecen Becomes Sponsor of Campus Festival In Hungary

CATL Debrecen Becomes Sponsor of Campus Festival

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.