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GOVT TO LAUNCH RETAIL BOND WITH COUPON THAT KEEPS GETTING BIGGER

 

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