ÁKK sells HUF 117.5 bln of bonds at auction, over plan
The Government Debt Management Agency (AKK) sold a combined HUF 117.5 billion of bonds at auction on Thursday, HUF 32.5 bln more than planned, state news wire MTI reports.
ÁKK sold HUF 20 bln of three-year bonds, in line with the original offer. Primary dealers bid for HUF 60.4 bln of the securities. The average yield was 1.15%, 7 bp under the secondary market benchmark and 11 bp lower than the yield at the previous auction of the bonds two weeks earlier.
The agency sold HUF 45 bln of five-year bonds, raising its original offer by HUF 15 bln after bids reached HUF 120.7 bln. The average yield was 1.54%, 8 bp under the benchmark and 17 bp lower than the yield at the previous auction of the bonds one week earlier.
ÁKK sold HUF 52.5 bln of 10-year bonds, HUF 17.5 bln more than planned. Bids came to HUF 94.3 bln. The average yield was 2.08%, 10 bp under the benchmark and 20 bp lower than at the bond auction one week earlier.
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.