ÁKK sells HUF 16 bln worth of bonds at auction
The Government Debt Management Agency (ÁKK) received a combined HUF 39.3 billion in offers to exchange bonds maturing in 2013 for one maturing in 2019 but sold only the announced HUF 16 billion.
Primary dealers offered to exchange HUF 22 billion of 2013/D bonds for 2019/A bonds. The ÁKK sold HUF 8 billion of the bonds which mature in eight years. Average yield was 7.23%, 3bp over the yield of the secondary market 2017/A benchmark. Yields ranged between 7.20% and 7.27%.
Offers were made to exchange HUF 17.3 billion of 2013/E bonds for the 2019/A bonds. AKK accepted HUF 8 billion of them. Average yield was also 7.23%, but the range was 7.20-7.26%.
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.