Hungarians buy HUF 26 bn in superbonds at post offices

Households have purchased more than HUF 26 billion of the printed version of the so-called superbond, the Hungarian Government Security Plus (MÁP+) at post offices, Finance Minister Mihály Varga said on Thursday at a press conference in a Budapest post office.
varga mihály_állampapír_mti

Sales of the printed MÁP+ began early in November, which means Hungarians bought an average HUF 1 bn of it a day.

Launched in June, the high-interest superbond saw total sales of HUF 2,845 bn until Wednesday. As reported recently, the stock of forint-denominated retail government securities exceeded HUF 8,800 bn in October, but the only type showing net growth is now the MÁP+, with all other government securities, even the inflation-linked premium bond, shrinking in volume. It thus appears that the superbond is not just absorbing funds from other forms of investment in the market but is also cannibalising other retail government securities.

More in Equity

January 27, 2020 10:42

ANALYST VIEW – Goldman Sachs cuts target price for Magyar Telekom

Downgrades share from buy to hold

January 24, 2020 12:34

Hungary's 'superbond' keeps wreaking havoc

More than HUF 9.2 trillion kept in retail government securities

January 13, 2020 08:35

All eyes on Washington

Inflation is the main concern in Hungary this week

December 20, 2019 13:33

AutoWallis makes capital increase in subsidiary

As part of optimising capital allocation

Új vezérigazgatót neveztek ki a TV2-csoport élére
December 19, 2019 12:47

Scope places TV2 rating under review for possible downgrade

Changed investment strategy carries increased risk

December 17, 2019 13:58

Budapest bourse amends BUX index manual

BSE to look at two criteria instead of four