ÁKK sells HUF 50 bln of bonds at auction, over plan
Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 50 bln of bonds at auction today, raising its original offer by HUF 7 bln on strong demand, Hungarian news agency MTI reported.
The ÁKK sold HUF 25 bln of three-year bonds, HUF 7 bln more than planned. Primary dealers bid for HUF 110.02 bln of the papers. The average yield was 1.15%, 1 bp over the secondary market benchmark but 21 bps under the yield at the previous auction of the bonds two weeks earlier.
The ÁKK sold HUF 15 bln of five-year bonds, the same as the original offer. Bids came to HUF 45.37 bln. The average yield was 1.78%, 6 bps over the benchmark but 14 bps under the yield two weeks earlier.
The ÁKK sold HUF 10 bln of ten-year bonds, in line with the original offer. Bids reached HUF 17.61 bln. The average yield was 2.97%, 8 bps over the secondary market benchmark and 12 bps over the yield at the previous auction of the bonds on September 29.
MOL Shareholders Approve Dividend of Around HUF 250/Share
Chinese President to Visit Budapest in May
LOT Seoul Flight Lands in Kazakhstan Due to Drunken Passenge...
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
