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Products and Services / Products by Markets / Debt securities section

Debt Securities

2007.11.12. Monday 14:21

The debt securities section of the Stock Exchange is the trading place of debt securities. Government bonds, treasury bills, corporate bonds and mortgage bonds are traded on this segment.

Debt securities

The Exchange offers secondary market for securities issued by the government. Government Debt Management Agency (GDMA), the issuer of government debt securities introduces the majority of government bonds and treasury bills denominated in HUF to exchange trading.

Government bonds

All publicly issued government bond is available for investors in exchange trading that is denominated in HUF, exceptions: Premium Government Bonds, Treasury Savings Bills and Baby Bonds. On the short end of the maturity spectrum of government bonds we can find bonds with term of 3 and 5 years, while on the longer end 10 and 15 year term government bonds are traded. The financing strategy of the Debt Management Agency is based on fixed-rate bonds but floating-rate 5 year term bonds are also introduced to exchange trading.

Treasury bills

Treasury bills represent the other class of exchange traded fixed income securities issued by the government. Treasury bills are issued with discount to its face value and their owners can claim the face value at maturity.

The exchange trading of treasury bills are supported by the primary dealer system similarly to the government bond market.

The maturity of exchange traded treasury bills can be 12 months.