ÁKK sells HUF 75 bln of bonds at auction, HUF 25 bln over plan
The Government Debt Management Agency (ÁKK) sold HUF 75 bln of bonds at auction today, raising its original offer by HUF 25 bln on strong demand by primary dealers, Hungarian news agency MTI reported.
ÁKK sold HUF 30 bln of three-year bonds, HUF 10 bln more than planned. Bids came to HUF 86.32 bln.
Average yield was 1.85%, 2 bps under the secondary market benchmark and 7 bps under the yield at the previous auction of the bonds.
ÁKK sold HUF 30 bln of five-year bonds, raising its original offer by HUF 10 bln after dealers bid for HUF 48.39 bln.
Average yield was 2.34%, 1 bps over the secondary benchmark but 9 bps under the yield at the previous auction.
ÁKK sold HUF 15 bln of ten-year bonds, HUF 5 bln over the plan. Bids reached HUF 31.79 bln.
Average yield was 3.29%, 1 bps under the benchmark and 4 bps lower than the yield at the previous ten-year bond auction.
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.