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25th October, 2019

Magyar Posta to sell MÁP+ bond

Magyar Posta is going to sell the attractive retail bond MÁP+, according to the leaflet available at state bond information website Állampapír.

The five-year retail bond, which so far is available only as an immaterial financial asset, will be printed in denominations of Ft 10,000, Ft 50,000, Ft 100,000, Ft 500,000 and Ft 1 million face values.

The bond pays 3.5% interest in the first year, rising by 50 basis points annually, reaching the maximum of 6% at the end of the fifth year.

Owners of the bond must be registered.

Some 2,100 Magyar Posta offices have an IT infrastructure sufficient to sell the retail bonds.

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

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