Hungary’s government has decided to launch a bond for retail investors that pays a graduated coupon of 3.5 percent to 6 percent over five years, Finance Minister Mihály Varga said on Wednesday.
The bond will be available from June.
The coupon on the five-year bond will be 3.5 percent at the end of six months and 4 percent at the end of twelve months, Varga said. Half a percentage point will be added to the coupon each year after that, meaning the bond pays 6 percent in the final year of its term, he added.