ÁKK cuts commissions to slow sales of retail securities
The Government Debt Management Agency (ÁKK) yesterday said it is cutting the commission on sales of retail government securities by two-tenths of a percentage point to slow subscription.
ÁKK noted that it has already met its annual target for sales of retail securities, Hungarian news agency MTI reported.
The commission on six-month Treasury bills will be reduced from 0.4% to 0.2%, the commission for interest-bearing T-bills will drop from 0.8% to 0.6% and the commission for two-year, premium and bonus bonds will decline from 1.0% to 0.8%.
As a result of a push to put more government debt in the hands of Hungarian households, the share of state debt held by retail investors has reached 24%, which ÁKK considers an "optimal level", the debt manager told MTI.
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