Fin min: Hungarians invest over HUF 4,400 bn in Plus govt bonds

Hungarian residents have bought Hungarian Government Securities Plus bonds for retail investors to a total value of 4,407 billion forints (EUR 1.28bn), the finance minister said on Thursday, evaluating the first one year of the programme. Mihaly Varga said the "Plus" bond was the most popular retail government security, absorbing half of all retail savings. The minister said that the product was "crisis-proof" and argued that the coronavirus had slowed down sales, but the balance was positive and the former dynamics of sales was returning. The government continues working to reduce the public debt with special regard to reducing the ratio of its forex portion.