The ÁKK sold HUF 30.0 bln of three-year bonds, HUF 10.0 bln over plan. Dealers bid for HUF 63.5 bln of the securities. The average yield was 1.37%, 1 basis point down from the secondary market benchmark yield, but 11 bps over the yield at the previous auction of the bonds two weeks earlier.
The ÁKK also sold HUF 33.5 bln of five-year bonds, raising its original offer by HUF 8.5 bln, after bids came to HUF 78.3 bln. The average yield was 2.09%, 2 bps under the benchmark, but 23 bps higher than the yield two weeks earlier.
Finally, the ÁKK sold HUF 10.5 bln of 15-year bonds, HUF 4.5 bln less than planned. Bids added up to HUF 19.5 bln. The average yield was 3.75%, 4 bps over the benchmark, but 2 bps under the yield at the previous 15-year auction held on January 31.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
