Plus bond stock climbs over HUF 6 tln

MNB

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Outstanding stock of the Hungarian Government Securities Plus bond for retail investors has passed the HUF 6 trillion mark, Finance Minister Mihály Varga said in a video message posted on Facebook on Tuesday.

Varga noted that one-quarter of state debt is now financed by Hungarian households, up from just 3% a decade ago.

The Plus bond, which pays an annualized yield of 4.95% if held for the full five-year maturity, has attracted record demand among retail investors in Hungary since its launch in June 2019. Households have subscribed about HUF 6.284 tln of the security.

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