Printed formed Hungarian Government Securities Plus
MATURITY:
5 years
INTEREST:
6,00 -7,25%

General information

The Printed formed Hungarian Government Securities Plus is a registered, printed formed security issued with the tenor of 5 years, fixed, tiered interest rate and with the denomination of HUF 10. 000, 50.000, 100.000, 500.000, 1.000.000 and 2.000.000. The claim incorporated by the Printed formed Hungarian Government Securities Plus will not become lapsed against the Issuer.

The interest begins on the first business day of the calendar week following the purchase day, and the interest is cumulating during the term, consequently the interest amount is due in one sum together with the face value exclusively in case of the redemption made by the investor. The Printed formed Hungarian Government Securities Plus does not bear interest after the maturity date, irrespective of when the actual redemption takes place.   

The interest rate is:

  • in the first half-year: 6,00% annually
  • in the second half-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) 6,72% 

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

Customers and transfer of the Printed formed Hungarian Government Securities Plus

Printed formed Hungarian Government Securities Plus can be purchased and transferred by resident individuals.

Mode of sale and redemption

The Printed formed Hungarian Government Securities Plus is placed on the market by continuous issuance. The Printed formed Hungarian Government Securities Plus is sold on nominal value, therefore it can be purchased on 100 % exchange rate.  (Unless the purchase is placed during the weekend. About the related provisions, please be informed from the Offering Circular!)

In case of early redemption, during the 5 business days following each interest period, 100% of the principal amount used for interest calculation is applied, while on days outside of this period, 99.75% of the principal amount used for interest calculation is applied as the redemption exchange rate for determining the amount entitled to the investor.

Lost or destroyed Printed formed Hungarian Government Securities Plus

If the Printed formed Hungarian Government Securities Plus is lost or destroyed, the suspension of the payments based on the Printed formed Hungarian Government Securities Plus can be requested through a notarial procedure.

Sales locations

The Printed formed Hungarian Government Securities Plus can exclusively be purchased at the permanent postal service locations of Magyar Posta Zrt.

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!