ÁKK lowers interest on premium bonds

Debt

The Government Debt Management Agency (ÁKK) said today it will lower the interest premium on its newly-issued three-year and five-year Premium Hungarian Government Bonds (PMAK) from April 1, Hungarian news agency MTI reported.

The interest premium will be lowered by 25 basis points for the new issues of both bonds. Three-year bonds will carry an interest rate of 2.75% and five-year bonds an interest rate of 3.25%. 

PMAK are forint denominated government securities targeted at retail investors with interest rate tracking inflation. 

PMAK stock was HUF 808.9 billion at the end of February, after growing by HUF 65 bln in the first two months of the year and by HUF 188 bln in 2015.

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