2023.03.17. 08:00
former name Premium Euro Hungarian Government Bond (P€MÁK)
The sale of the Premium €uro Hungarian Government Security ceased after 16 March 2023.
P€MÁP was a 3 or 5-year floating rate dematerialised security with a base denomination of €1, sold in a tap issue.
The 5-year series of Premium €uro Hungarian Government Securities sold from 16 February 2022 onwards provide the security holder with an interest rate premium of 0.25% above the average annual euro zone consumer price index for the year preceding the interest rate fixation. Interest is paid annually. At maturity, the interest is credited to the customer's account together with the principal.
For series issued before 16 February 2022, a different interest rate premium per series is granted over the euro area consumer price index for the month determined at issuance as the interest rate base. Interest on these series is paid twice a year.
No interest tax will be charged on Premium €uro Hungarian Government Securities sold after 1 June 2019.
The Premium €uro Hungarian Government Securities may have been acquired by natural persons who were resident and non-resident in the primary market. Persons eligible to acquire the securities on the primary market may purchase and transfer them among themselves on the secondary market after the placement.
For terms and conditions of each series, please get informed from the Public Offering and Offering Circular for that series.
The security can be sold in the branch network of the Hungarian State Treasury and through its electronic platform WebKincstár.