Conditions of the Hungarian “Super Bond” to be modified?!
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Sales of the Hungarian Government Security Plus – available from 3rd June – have exceeded EUR 9.1 billion (~ HUF 3,000 billion) – reported by the Hungarian Finance Minister, Mihály Varga. The Minister also added that this amount was not planned to be achieved this year.
According to mfor.hu, 45% of the Hungarian Super Bond – offering 4,95% average annual return over five years – were purchased by residents of Budapest and Pest County; followed by Bihar and Borsod-Abaúj-Zemplén counties.
According to Mihány Varga, this is remarkable as the latter two counties are excluded from the most developed regions of the country.
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So far, these papers had been returned at a value of EUR 3 million (~ HUF 1 billion), which is insignificant compared to the recent EUR 9.1 billion (~ HUF 3,000 billion). The opportunity was taken only by those who needed money – said Mihály Varga.