ÁKK sells HUF 64.5 bln of bonds, over plan

Debt

pixabay

Hungaryʼs Government Debt Management Agency (ÁKK) sold a combined HUF 64.5 bln of bonds at auction today, raising its original offer by HUF 21.5 bln, Hungarian news agency MTI reported today.

ÁKK sold HUF 27 bln of three-year bonds, HUF 9 bln more than the original offer. Primary dealers bid for HUF 71.90 bln of the papers. Average yield was 1.35%, 3 bps under the secondary market benchmark and also 3 bps lower than the yield at the previous auction of the bonds. 

ÁKK sold HUF 22.5 bln of five-year bonds, HUF 7.5 bln more than planned. Bids came to HUF 46.30 bln. Average yield was 1.96%, 2 bps over the benchmark and unchanged compared to the yield at the previous auction. 

ÁKK sold HUF 15 bln of 10-year bonds, HUF 5 bln more than the original offer. Bids reached HUF 24.40 bln. Average yield was 2.99%, 1 bps over the benchmark, and 7 bps higher than the yield at the last auction of the bonds.

ADVERTISEMENT

17% of homeowners plan renovations this year Analysis

17% of homeowners plan renovations this year

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.