Hungarian Government Securities Plus
MATURITY:
5 years
INTEREST:
6,25 - 7,25%

General information

Hungarian Government Securities Plus is issued with the terms of 5 years, it is a dematerialised, fixed, tiered interest rate securities with the denomination of HUF 1. The claim incorporated by Hungarian Government Securities Plus will not become lapsed against the Issuer.

The interest is allocated annually. On the day of the interest allocation (except for the last one on the maturity date) government securities of the same series in Hungarian Government Securities Plus will be credited to the securities account of the holder of Hungarian Government Securities Plus at the face value identical to the amount of interest.

At the maturity, on the last interest allocation date the holder of Hungarian Government Securities Plus entitled to the amount of interest in forint.

The interest rate is:

  • in the first year: 6,25% annually
  • in the 2nd year: 6,50% annually
  • in the 3rd year: 6,75% annually
  • in the 4th year: 7,00% annually
  • in the 5th year: 7,25% annually

The maximum obtainable yield at maturity (unified securities yield index) 6,73%.

No interest tax will be charged after the interest income realized from the Hungarian Government Securities Plus.

Customers of the Hungarian Government Security Plus

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

Mode of public offering

The Hungarian Government Securities Plus is placed on the market by subscription in subsequent one week periods. During the subscription period, it can be purchased at an exchange rate of 100%. The maturity starts on the first business day of the week following the closing of each subscription period.

Repurchase

Within the 5 business days periods after each interest allocation day, the Hungarian State Treasury quotes a net purchase price of 100% (without loss on capital) and the accrued interest calculated according to the date of purchase and buys it back from the investors. On other business days, the Hungarian State Treasury quotes daily purchase prices on certain conditions to the series of Hungarian Government Security Plus, consequently, the Hungarian Government Security Plus can be sold before its maturity according the conditions laid down in the Terms of Business for Investment Services of the Hungarian State Treasury.

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.

Online sales, administration*

* To use the online sales services of the State Treasury, an electronic channel contract is required!