ÁKK sells HUF 40 bln of bonds, according to plan

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 40 billion of bonds at auction on Thursday, in line with its originally offered amount but with a different composition, according to state news agency MTI.

The ÁKK sold HUF 9.5 bln of three-year bonds, HUF 5.5 bln below the HUF 15 bln plan. Primary dealers bid for HUF 11.7 bln of the papers. The average yield was 0.75%, 2 bps over the secondary market benchmark and 6 bps higher than the yield at the previous auction of the bonds.

The ÁKK also sold HUF 20.5 bln of five-year bonds, raising its original offer by HUF 5.5 bln from HUF 15 bln after dealersʼ bids came to HUF 43.60 bln. The average yield was 1.77%, 1 bp under the benchmark but 11 bps higher than the yield at the previous auction.

Finally, the ÁKK sold HUF 10 bln of ten-year bonds, in line with its original offer. Bids reached HUF 15.50 bln.  The average yield was 3.11%, the same as the benchmark and 19 bps higher than the yield at the previous auction.

ADVERTISEMENT

Consumer price levels below EU avg in 2020 Analysis

Consumer price levels below EU avg in 2020

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Breast cancer screening at Dr. Rose Private Hospital Interview

Breast cancer screening at Dr. Rose Private Hospital

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.