ÁKK sells HUF 110.5 bln of bonds at action, over plan

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 110.5 billion of bonds at auction on Thursday, HUF 35.5 bln more than planned, according to a report by state news wire MTI.

ÁKK sold HUF 43 bln of five-year bonds, raising its original offer by HUF 13 bln after primary dealersʼ bids came to HUF 55.5 bln. Average yield was 1.71%, 13 bp over the secondary market benchmark and 8 bp higher than the yield at the previous auction of the bonds one week earlier.

The agency sold HUF 37.5 bln of 10-year bonds, HUF 12.5 bln more than planned. Bids reached HUF 60.3 bln. Average yield was 2.35%, 4 bp over the benchmark and 11 bp higher than the yield at the auction a week earlier. 

ÁKK sold HUF 30 bln of 15-year bonds, HUF 10 bln over the original offer. Bids came to HUF 32.9 bln. Average yield was 2.75%, 7 bp over the benchmark but 13 bp under the yield at the previous auction of the bonds about two weeks earlier.

ADVERTISEMENT

More Romanians at poverty risk since the COVID pandemic Analysis

More Romanians at poverty risk since the COVID pandemic

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.