2026.02.16. 08:00
Euro Hungarian Government Security is a dematerialised government security with a 3-year maturity, denominated in EUR 1 and sold in a tap issue.
EMÁP is a floating rate security. The annual interest rate is equal to the 3-month EURIBOR percentage rate as published by the European Money Market Institute (EMMI) (currently available at https://www.emmi-benchmarks.eu/benchmarks/euribor/rate*). The method of determining the interest rate is detailed in the Public Offering and the Offering Circular of each series.
Interest is paid and determined every three months. At maturity, the interest is credited to the customer's account together with the principal. No interest tax will be charged.
Government securities issued after 1 June 2019 are exempt from the obligation to pay social contribution tax on interest income.
For EMÁP, sales cap has been set for the dealers, the amount of which will be specified in the Offering Circular and in the Public Offering of certain series.
EMÁP can be purchased and transferred by resident and non-resident individuals. Non-residents may acquire and transfer this security in accordance with the effective foreign exchange laws.
For terms and conditions of each series, please get informed from the Public Offering and Offering Circular of the relevant series.
The security can be bought in the branch network of the Hungarian State Treasury and through its electronic platform called WebKincstár. EMÁP series issued on and after 27 January 2025 are also marketed by Concorde Értékpapír Zrt., Equilor Befektetési Zrt., Erste Befektetési Zrt., Erste Bank Hungary Zrt., Gránit Bank Zrt., OTP Bank Nyrt., Raiffeisen Bank Zrt., UniCredit Bank Hungary Zrt., and from 16 February 2026 MBH Bank Nyrt. and MBH Befektetési Bank Zrt.
* Delayed EURIBOR values, which are subject to prior registration