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Weekly sales of Plusz bonds steady

Weekly sales of the Hungarian Government Securities Plusz bonds for retail investors came to HUF 24.5 billion, state news wire MTI reports, citing the latest data released by the Government Debt Management Agency (ÁKK).

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Sales were a little under the HUF 26.2 bln in the previous week.

Total subscription of the bond, launched in June of last year, now stands at HUF 3.899 trillion.

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.