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Retail government securities sales reach record HUF 181 bln in Dec

MNB

jessica fejos

Net sales of retail government securities denominated in forints reached HUF 181 billion in December, a new record, the Government Debt Management Agency (ÁKK) said today.

(Photo: Jessica Fejos)

The sales brought the total stock of forint retail government securities to HUF 3.517 trillion at the end of December, ÁKK said. Householdsʼ share of Hungaryʼs state debt rose to 14.2%, it added.

Stock of PEMAK bonds, which are denominated in euros but targeted at retail investors, fell by the equivalent of HUF 298.3 bln to HUF 561.6 bln in December. ÁKK said almost €1 bln of the bonds matured in December and new restrictions on their availability to non-retail investors meant significantly fewer institutional investors could renew their holdings of the papers.

Hungaryʼs government has promoted government securities as a form of savings for households with the aim of raising the proportion of state debt they hold.

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