Hungarian government bond sales reach 38.9 billion HUF

Hungarian residents purchased 38.9 billion forints worth of government bonds in the 39th week of the year, an increase of 3.6 billion forints compared to the previous week. Much of this growth was driven by the Treasury Savings Bond (KTJ), which saw its highest sales since May.

Breakdown of weekly bond sales includes: - Fixed Magyar Állampapír (FixMÁP): 17.92 billion HUF - Treasury Savings Bond (KTJ): 10.0 billion HUF - Magyar Állampapír Plusz (MÁP Plusz): 8.84 billion HUF - Bonus Magyar Állampapír (BMÁP): 1.48 billion HUF - Nyomdai Magyar Állampapír Plusz: 0.48 billion HUF - Premium Magyar Állampapír (PMÁP): 0.11 billion HUF

The State Debt Management Center is issuing new FixMÁP and MÁP Plusz bonds. The FixMÁP offers a 5.5 percent annual interest rate, while the MÁP Plusz starts at 5.00 percent and increases to 6.00 percent. Notably, Magyar Állampapír purchased after June 1, 2019, are exempt from interest tax.