ÁKK sells HUF 57 bln of bonds at auction, HUF 12 bln over plan
The Government Debt Management Agency (ÁKK) sold HUF 57 billion of bonds at auction on Thursday, HUF 12 bln more than planned because of strong demand by primary dealers, Hungarian news agency MTI reports.
ÁKK sold HUF 12 bln of three-year bonds, lowering its original offer by HUF 3.0bn. Primary dealers bid for HUF 19.2 bln of the securities. The average yield was 1.41%, 4 bp over the secondary market benchmark, and 5 bp higher than the yield at the previous auction of the bonds one week earlier.
The agency sold HUF 30 bln of five-year bonds, raising its original offer by HUF 10 bln after bids reached HUF 45.5 bln. The average yield was 1.5%, 5 bp over the benchmark, and 8 bp higher than the yield at the bond auction one week earlier.
ÁKK sold HUF 15 bln of ten-year bonds, HUF 5 bln over the plan. Bids came to HUF 26.3 bln. The average yield was 2.46%, 4 bp over the benchmark but 21 bp under the yield at the previous auction of the bonds two weeks earlier.
Lenders' Home Loan Outlays at HUF 344 bln in H2 2023
EC Calls on Hungary to Comply With CJEU Ruling on Asylum See...
Poland Retail Sales Growth Stable in March
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
