ÁKK sells HUF 67.5 bln of bonds at auction, over plan

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 67.5 billion of bonds at auction on Thursday, HUF 12.5 bln over the planned amount, state news wire MTI reported.

The ÁKK sold HUF 30.0 bln of three-year bonds, raising its original offer by HUF 10.0 bln on strong demand from primary dealers. Bids for the securities came to HUF 43.8 bln. The average yield was 1.72%, 4 basis points under the secondary market benchmark and 19 bps lower than the yield at the previous auction of the bonds two weeks earlier.

The ÁKK also sold HUF 17.5 bln of five-year bonds, HUF 2.5 bln under the original offer, after bids for the bonds came to just HUF 22.5 bln. The average yield was 2.70%, level with the benchmark and 17 bps under the yield two weeks earlier. 

Finally, the ÁKK sold HUF 20.0 bln of ten-year bonds, HUF 5.0 bln more than planned. Bids reached HUF 20.7 bln, and the average yield was 3.29%, 1 bp over the benchmark and 21 bps under the yield at the previous auction of the bonds.

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Chain Bridge to be closed for traffic for 18 months City

Chain Bridge to be closed for traffic for 18 months

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.