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ÁKK Rolls out New Retail Euro Gov't Security

Debt

The Government Debt Management Agency (ÁKK) on Thursday announced the launch of a new retail government security denominated in euros that pay interest linked to the three-month Euribor, according to a report by state news wire MTI.

The Euro Hungarian Government Security (Emáp) will pay a coupon of 2.944% at the start, ÁKK noted. 

ÁKK also said it will not issue a new series of its Premium Euro Hungarian Government Security (Pemák), which pays a 0.25% premium over average annual inflation in the eurozone, when the current, EUR 400 million series runs out.

Eurozone CPI was 8.4% last year.

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