ÁKK bond sales of HUF 72 bln exceed plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 72 billion of bonds at auction on Thursday, HUF 17 bln more than planned, state news wire MTI reported.
The ÁKK sold HUF 29.5 bln of three-year bonds at the auction, raising its original offer by HUF 9.5 bln after primary dealers bid for HUF 46.5 bln of the papers. The average yield was 1.69%, 2 basis points under the secondary market benchmark and 15 bps under the yield at the previous auction of the bonds.
The ÁKK also sold HUF 20.0 bln of five-year bonds, as planned. Bids came to HUF 27.3 bln, and the average yield was 3.12%, 2 bps under the benchmark and 15 bps under the yield at the auction two weeks earlier.
Finally, the ÁKK sold HUF 22.5 bln of ten-year bonds, HUF 7.5 bln over the original offer, after dealersʼ bids came to HUF 54.2 bln. The average yield was 3.74%, the same as the benchmark, but 13 bps lower than the yield at the previous auction of the securities.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.