ÁKK sells HUF 60 bln of bonds at switch auction, over plan
The Government Debt Management Agency (ÁKK) sold HUF 60 billion of bonds maturing in 2029 and 2033, accepting ones expiring in 2022 as payment at a switch auction on Wednesday, state news wire MTI reports.
ÁKK sold HUF 30 billion of 2029/A bonds for 2022/C bonds, raising its original offer by HUF 10 bln. Bids reached HUF 54.98 bln.
The agency also sold HUF 30 bln of 2033/A bonds for 2022/B bonds, raising its original offer by HUF 10 bln. Bids reached HUF 46.26 bln.
The 2029/A bonds sold at an average yield of 2.01% and the 2033/A bonds at an average yield of 2.33%. The average yield of the 2022/C bond was 0.86% and the 2022/B bondʼs average yield was also 0.86%.
The secondary market three-year benchmark yield, on 2023/C bonds, was 1.24%, the 10-year benchmark, on 2031/A bonds, was 2.21%.
MOL Shareholders Approve Dividend of Around HUF 250/Share
Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...
Hungary's Largest ESG Consultancy Formed by Merger of EY, De...
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
