Hungary to sell Ft 85 bln of bonds at auction next week

Debt

Hungary plans to sell Ft 45 billion (€177.7 million) of bonds maturing in June 2012 and Ft 40 billion of binds due February 2017 at an auction December 21.

The five-year bonds have an annual coupon of 7.25%, while the 10-year bonds will pay 6.75% annual interest, the government's Debt Management Agency said on its Web site. The yield on the benchmark five-year bond fell 3 basis points to 7.22% and the yield on the 10-year bonds lost 5 basis points to 6.74% in Budapest yesterday. Hungary's local-currency long-term debt rating is A1 at Moody's Investors Service, four steps below the highest investment grade, and A- at Standard & Poor's, six levels from the top. The agency sells forint-denominated government bonds every second Thursday in Budapest. (Bloomberg)

ADVERTISEMENT

Job ads in hospitality, tourism sector grow drastically  Analysis

Job ads in hospitality, tourism sector grow drastically 

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

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.