Mihaly Varga announced the date for the availability of new government bonds at an interest rate of 11 percent

Mihaly Varga announced the date for the availability of new government bonds at an interest rate of 11 percent

The new government bond will be available from Thursday, which is a profitable, safe and interest-free investment with an interest rate of more than 11 percent for families – the finance minister said On his social page.

Mihaly Varga published under his post on Monday the Government Debt Management Center (AKK) Advertising Concerning the expansion of the supply of residential government securities. As per the information, the initial interest rate of the 3-year Bond Hungarian State Bond (BMÁP) recirculated is 11.32 percent per annum. Time-proportioned interest is paid every 3 months, so it will be the first time this year, which may be attractive to buyers – They wrote.

We show the entry of the Minister of Finance:


Hungarian State Privileged Bonds (PMÁP) rollover has a higher interest rate, 11.75% fixed in the first interest period. By changing to a variable interest rate from the second, it provides an interest premium that exceeds the average CPI for the previous year. The interest will be paid first in January 2023 for a series maturing in 2027, and at the end of February 2023 for a series maturing in 2029. The interest premium is 0.75 percent and 1.50 percent, respectively.

As before, new government securities can be purchased from distributors or online. From January, in accordance with international practice, the sales limit will come into effect, the distributor may sell a total face value of up to 250 million HUF of a series of government securities to an investor. However, BMÁP and PMÁP may be sold at any time during the Term. With its introduction, ÁKK wants to provide as many customers as possible with the possibility to purchase government securities risk-free – the announcement reads.

See also  Police received Slovak Prime Minister Robert Fico

Leave a Reply

Your email address will not be published.