Hungarian Government Security Plus

 

Would you invest for the long term and know the interest you will receive during and at the end of the term? The Hungarian Government Security Plus might be an ideal choice with a payment guaranteed by the Hungarian State at the end of the term.

 

WHO MIGHT BE INTERESTED?


For those who:

  • plan an investment for the long term: the Hungarian Government Security Plus is issued for term of 5 years;
  • seek investments guaranteed by the state;
  • would like to see the returns by which their savings will increase in advance;
  • look for security;
  • wish to invest exempt from interest tax

 

WHAT SHOULD I KNOW ABOUT THE HUNGARIAN GOVERNMENT SECURITY PLUS?

  • It has fixed interest rates in bands, and so you already know upon issuance the interest due on each interest payment day and at the end of the term,
  • it is a security with a basic denomination of 1 HUF.
  • It is marketed via subscription. It can be subscribed at nominal value, i.e. the full price.
  • Interest payment takes place half-yearly in the first year, and then annually, in a MÁP Plus security within the same series.
  • At the end of the term, the interest will be credited to the customer’s account, together with the principal.

 

WOULD YOU INVEST IN THE HUNGARIAN GOVERNMENT SECURITY PLUS?

Contact our colleagues in our national branch network.

REPURCHASE OF HUNGARIAN GOVERNMENT SECURITY PLUS

Under specified conditions1, UniCredit Bank quotes daily purchase rates for the series of the Hungarian Government Security Plus; in this way they can be sold easily prior to their maturity2. For the Hungarian Government Security Plus within 5 working days after the interest payment days, repurchase takes place at net full price.

 

PLEASE CONSIDER

Please note that the government security is well suited as a long-term investment in the case of a Retirement Saving Account (NYESZ).

Invest a minimum of HUF 5 million in the Hungarian Government Security Plus and enjoy the advantages of UniCredit Premium Banking services.

 

RELATED DOCUMENTS AND LISTS OF CONDITIONS

Related documents are available only in Hungarian language on the Hungarian verison of this site.

 

The receivables embodied by the Hungarian Government Bond Plus will not be time-barred towards the Issuer i.e. the Hungarian State. At the end of the term, the interest will be credited to the customer’s account, together with the principal.

This information is not exhaustive and shall not be considered as an offer, recommendation or investment advice; its only purpose is to draw attention. For the detailed conditions see the General Business ConditionsLists of conditions of UniCredit Bank and the official documents of the Issuer (the Information document and Public offer applicable for the relevant series of Hungarian Government Security Plus). UniCredit Bank Hungary Zrt. (Activity Licence No.: I-1523/2003, a member of the Budapest Stock Exchange) as distributor of the government security, reserves the right to change the conditions. This information constitutes a commercial communication under Act CXX of 2001 on Capital Markets, and a marketing communication under Section 122 of Act CXXXVIII of 2007 on Investment Undertakings, Commodity Dealers. Please take note that the tax consequences of the investment may only be accurately decided after consideration of the customer’s individual circumstances, and they are subject to change over time.


1 For further information on the conditions of government securities quotation please see section 5.2.2 of the General Business Terms and Conditions regarding Investment Services  and the Hungarian Government Security Plus Information document.
2 The price of the government securities is influenced by the changes of the market yield. If the investor sells the securities prior to the maturity, in the event of increasing yields, the price of the government securities may fall below the original purchase price. It means that, for interest-bearing bonds, upon the sale, the buyer pays the time-proportionate interest rate to the seller for the period that has passed since the last interest payment, but the net price, i.e. the price of the principal, may fall below the value as of the date of purchase so the investor may suffer a price loss. If the investor keeps the securities until maturity, it will receive the annual yield recorded upon the purchase, since the market price change that occurred during the term will not appear in the investment, only in the event of sales prior to maturity.

 

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