ÁKK exchanges HUF 34.5 bln of longer maturities at switch auction, under plan
The Government Debt Management Agency (ÁKK) exchanged HUF 34.5 bln of bonds maturing in 2024 and 2025 for ones that expire in 2017 and 2018 at a switch auction on Wednesday, under the HUF 40 bln plan.
ÁKK sold HUF 17.0 bln of 2024/B bonds, accepting 2017/A bonds as payment, and a further HUF 17.5 bln of 2025/B bonds for 2018/B bonds.
Bids by primary dealers reached HUF 31.2 bln for the 2017/A exchange and HUF 23.5 bln for the 2018/B exchange.
ÁKK had planned to exchange HUF 20 bln of each of the longer maturities.
The average yield for both switch auctions was 2.89%. The ten-year benchmark yield – on a bond maturing in 2027 – was 3.29% on Wednesday.
ADVERTISEMENT
Tender for Home Solar Panel, Battery Subsidies Announced
Gov't Keeps Rate on General-purpose Student Loans at 7.99%
Wolf Theiss Advises Kyoto Group on HaaS Delivery to Kall Ing...
Budapest Police Seize Nearly 155 kg of Cocaine in Drug Bust
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.
