Report: Residency bond subscriptions reach 68 in February

MNB

Sales of Hungarian residency bonds reached 68 in February, with 33 bonds having a face value of €300,000 and 35 having a face value of €250,000, Hungarian economic daily Napi Gazdaság reported today citing data from the Government Debt Management Agency (ÁKK).

Although the government, as of this year, raised the nominal value of the bonds from €250,000 to €300,000, the paper considers such a lag normal as the subscription process can take weeks.

In January, 75 of the residency bonds were subscribed. Last year, 2,213 of the bonds with a combined face value of more than HUF 150 bln, were subscribed.

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