Hungarian State Treasury

General information

Bonus Hungarian Government Securities are dematerialised government securities with fixed interest rate issued in term of 3 and 5 years with HUF 1 lowest face value. The rate of interest to be paid is the sum of the interest base and the interest rate premium. Each series provides a floating interest premium above the average yields of the four successful 3-month Discount Treasury Bond auctions prior to the date on which the interest rate is determined, the arithmetic average weighted by the quantities accepted at that auction. 

The claim incorporated by the Bonus Hungarian Government Securities will not become lapsed against the Issuer. Interest payment takes place every 3 month. At the end of the term, the interest and the capital are credited on the client’s account together.

Bonus Hungarian Government Securities issued from 30 September 2022 are tax free investments.

For 3 and 5 years term series a sales limit has been set for distributors by the Government Debt Management Agency Private Company Limited by Shares, the amount of which will be specified in the Information Memorandum and in the Public Offer of certain series.

Sales of Bonus Hungarian Government Securities was suspended between 1 June 2019 and 29 September 2022.

For 4, 6 and 10-year maturities issued before 1 June 2019 provide variable interest rate premium above the interest base for the given interest period which interest base equals to the weighted average of the average yields of the previous four successful auctions of the 12 month Discount Treasury Bonds. These series pay interest annually. At the end of the term, the interest and the capital are credited on the client’s account together.

The interest income realized after Bonus Hungarian Government Securities purchased before 1 June 2019 is qualified as taxable income, the tax rate is 15%.

Government securities issued by the Hungarian State after 1 June 2019 are exempt from the obligation to pay social contribution tax on interest income, which will be introduced from 1 July 2023. In the case of Hungarian government securities put into circulation before 1 June 2019, a social contribution tax payment obligation arises if the government securities were acquired on or after 1 July 2023.

Customers of the Bonus Hungarian Government Securities

Bonus Hungarian Government Securities can be purchased by resident and non-resident individuals.

Mode of public offering

The current series of the Bonus Hungarian Government Securities can be purchased by portioned issue. Bonus Hungarian Government Securities are sold at face value plus accrued interest (based on the days passed from the issuance time to the purchase time).

For further terms and conditions of each series, please get informed from the Public Offer or the Information Memorandum for that series, which can be reached at in the tab of Current Public Offer.