ÁKK cuts commissions to slow sales of retail securities

MNB

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.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.