They are confusing government securities, they will be 10 years old
Thoroughly transforms the conditions of government securities sold to the population The Government Debt Management Center (ÁKK). The amendment affects almost all of the most popular government securities in the past and currently.
New government securities can be purchased from April 23. The 22nd of the series sold so far can be noted on Wednesday, the GDR offers new ones on a modified condition. THE redemption rules They do not change for retail investors. Those who run a securities account at the Hungarian State Treasury or financial institutions will then encounter new maturity and interest on the purchase of government securities. The conditions for the printed treasury savings that can only be bought on the post office are not changing now. We’ll show you which government securities are changing from Wednesday.
Never seen amounts of money flowed out of government securities
PMÁP is growing for 10 years
In the years of high inflation, almost everyone bought premium Hungarian government securities (PMÁP), which could best protect their investments against depreciation. During this year’s interest payments, they could pocket huge interest and even pocket small investors. From this point on, however, PMAP is on the basis of low inflation last year, with all other retail government securities offering a better interest rate for 2025. However, an increase in inflation in the years to come can make pmap interest more attractive again.
Now, ÁKK is launching a new series from PMÁP. The biggest novelty is that the maturity is raised for a decade from the current 8 years. Its interest base remains the average inflation of the previous year. The new series will pay a 0.5 percent interest premium for this. From the sixth year of the maturity, this will increase by an additional 0.5 percent. The starting interest rate on the new 2035/I pmáp series will be 6.50 percent per year. Next year, after the interest rate turnaround, he will be adjusted to the 2025 inflation. Otherwise, the starting interest is just as large as the most sought after, also changing government securities.
Will be 5 years old from fixed Hungarian government securities
Currently, fixed Hungarian government securities, which pays 6.5 percent fixed interest rate, are the most popular among retail investors. It has a maturity of 3 years, during which time the interest rate is so high. From this paper from April 23, you can buy a longer 5-year term called 2030/Q2. THE Fixer Interest is attractive for 3 years, but if the inflation is expected to decline, it may give a higher real interest rate over a 5 -year term.
One year longer the bonus Hungarian government securities
THE Bonus Hungarian government securities (BMÁP) The maturity of both varieties increases one year. The maturity is provided from 3 and 5 years to 4 and 6 years. They did not touch on the new BMAPs (2029/R1 and 2031/R1). It will continue to depend on the current yield of 3 -month discount treasury bills on how much interest investors receive. This determines a 3 -month changing interest rate, and the interest premium comes. The interest premium will be 1 percent, and from the fifth year, an additional 0.5 percent will pay the paper. The interest premium of six-year-old BMÁPs will be 1.50 percent in the last two years of the term. Both series starting interest rates from 7.36 percent from April 23.
