Hungarian State Treasury

General information

The Municipal Hungarian Government Bond is a dematerialized security with a 3-year maturity, a monthly interest rate equal to the central bank base rate, and a face value of HUF 10,000. The daily purchase price of the series of Municipal Hungarian Government Bonds is equal to the nominal value increased by the accrued interest.

The Municipal Hungarian Government Bond can be purchased and transferred by local governments as legal entities during and after the public offering (primary and secondary market) according to the Act CLXXXIX of 2011 on the local governments in Hungary.

The series of Municipal Hungarian Government Bonds issued before October 1, 2025 are fixed-rate securities.

In the case of Hungarian Municipal Government Bond Series issued before October 1, 2025, in the case of redemption on day T, the consideration will be settled on day T+3 at the T+3 exchange rate, while in the case of Hungarian Municipal Government Bond Series issued from October 1, 2025, in the case of redemption on day T, the consideration will be settled on day T+2 at the T+2 exchange rate.

Mode of public offering

The Municipal Hungarian Government Bonds are placed on the market by portioned issue. The Government Debt Management Agency Pte. Ltd publishes the public offering of the Municipal Hungarian Government Bonds in Public Offering.

Customers of the Municipal Hungarian Government Bond

The Municipal Hungarian Government Bond can be purchased and transferred by local governments as legal entities during and after the public offering (primary and secondary market) according to the Act CLXXXIX of 2012 on the local governments in Hungary.

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.