ADVERTISEMENT

ÁKK raises offer for longest term at bond auction

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 62.5 bln of bonds at an auction on Thursday, raising its offer for the longest term on strong demand.

ÁKK sold HUF 22.5 bln of the ten-year bonds at the auction, raising its original offer from HUF 15 bln after primary dealers submitted bids for HUF 39.9 bln. Average yield was 4.42%, 5bp under the secondary market benchmark, but 1bp over the yield at the previous auction of the papers two weeks earlier. Yields ranged between 4.39% and 4.45%.

ÁKK sold HUF 20 bln of three-year bonds, as announced. Bids came to HUF 37.8 bln. Average yield was 3.24%, 1bp over the benchmark and 9bp higher than the yield at the previous auction. Yields ranged between 3.20% and 3.26%.

ÁKK sold HUF 20 bln of five-year bonds, too, as planned. Bids reached HUF 28.9 bln. Average yield was 3.56%, 2bp under the benchmark, but 12bp over the yield at the auction two weeks earlier. Yields ranged between 3.51% and 3.59%.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.