ADVERTISEMENT

ÁKK launches 2-year bonds for retail investors

MNB

Hungaryʼs Government Debt Management Agency (ÁKK) launched sales of two-year government securities targeted at retail investors on Monday, Hungarian news agency MTI reported.

The ÁKK said early in the year that it would start offering securities with a maturity between that of T-bills and bonds.

Minister for National Economy Mihály Varga launched the securities worth a total HUF 50 billion, with a 2.5% annual coupon.

Varga noted that retail government securities now make up 20% of central budget debt, up from 2% in 2012.

The minister added that the proportion of government securities in householdsʼ savings has increased from 2.4% in 2012 to 9.4%.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.