ÁKK sells HUF 75 bln of bonds at auction, HUF 25 bln over offer
pixabay
The Government Debt Management Agency (ÁKK) sold a combined HUF 75 bln of bonds at an auction today, raising its original offer by HUF 25 bln on strong demand, Hungarian news agency MTI reported.
ÁKK sold HUF 30 bln of three-year bonds, HUF 10 bln over the plan. Primary dealers bid for HUF 96.1 bln of the papers. Average yield was 1.48%, 6 bps under the secondary market benchmark and level with the yield at the previous auction of the bonds two weeks earlier.
ÁKK sold HUF 30 bln of five-year bonds, also HUF 10 bln more than planned. Bids came to HUF 98.4 bln. Average yield was 2.08%, 4 bps under the benchmark but 5 bps over the yield two week earlier.
ÁKK sold HUF 15 bln of 15-year bonds, raising its original offer by HUF 5 bln. Bids reached HUF 30.3 bln. Average yield was 3.25%, 3 bps under the benchmark and 41 bps lower than the yield at the previous auction of the bonds in mid-February.
ADVERTISEMENT
E-scooters More Popular Than Bikes at eMag
Parliament Negates Mandatory Membership in MOK
Civita Group Inaugurates HUF 2.5 bln Pasta Plant
Service Restarted on Full Length of Metro Line M3
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.
