Weekly Plusz bond sales drop
The latest weekly sales of the Hungarian Government Securities Plusz bonds for retail investors dropped to HUF 57.2 billion after jumping to HUF 82.1 bln, a peak so far this year, in the previous week, state news wire MTI reports, citing data released by the Government Debt Management Agency (ÁKK).
Image by Shutterstock.com
The total subscription of the bond, launched in June 2019, now stands at HUF 4.611 trillion.
After dropping to HUF 20 bln-25 bln in the weeks after lockdown introduced in March to contain the spread of the coronavirus, the weekly sales recovered to hover between HUF 30 bln and HUF 41 bln before a jump last week.
The Plusz 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, taking some of the heat off the real estate market where home prices, especially in the capital, had earlier risen faster than anywhere in the European Union.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.