ÁKK raises offers for all terms at bond auction
The Government Debt Management Agency (ÁKK) raised its offers for all three terms on strong demand at a bond auction, Hungarian news agency MTI reported today.
ÁKK sold HUF 27.0 bln of three-year bonds, raising its original offer by HUF 7 bln after primary dealers bid for HUF 46.7 bln of the papers. Average yield was 3.63%, 17bp under the secondary market benchmark but 61bp over the yield at the previous auction of the bonds two weeks earlier. Yields ranged between 3.60% and 3.68%.
ÁKK sold HUF 30.0 bln of five-year bonds, HUF 10 bln more than planned. Bids came to HUF 95.1 bln. Average yield was 3.97%, 20bp under the benchmark but 66bp over the yield at the previous auction. Yields ranged between 3.95% and 3.99%.
ÁKK sold HUF 18.0 bln of ten-year bonds, HUF 6 bln more than the original offer. Bids reached HUF 51.8 bln. Average yield was 5.01%, 17bp under the benchmark but 81bp over the yield two weeks earlier. Yields ranged between 4.99% and 5.01%.
ADVERTISEMENT
Hungary Agricultural Output Value Grows by 6.5%
Hungarian-American Business Chamber Established in Chicago
Number of Registered Jobseekers Down 3% in November
Mulled Version of Belle-Vue Kriek Makes Debut at Advent Fair
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.
