ÁKK sells HUF 33 bln of bonds at auction, HUF 8 bln over plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 33 bln of bonds at auction today, raising its original offer by HUF 8 bln on strong demand by primary dealers, Hungarian news agency MTI reported.
ÁKK sold HUF 13.0 bln of three-year bonds, HUF 3 bln more than planned. Primary dealers bid for HUF 17.4 bln of the securities. Average yield was 1.74%, 4 bps under the secondary market benchmark and level with the yield at the previous auction of the bonds two weeks earlier.
ÁKK sold HUF 15.0 bln of five-year bonds, HUF 5 bln over the plan. Bids came to HUF 25.6 bln. Average yield was 2.23%, 7 bps under the benchmark and 6 bps lower than the yield two weeks earlier.
ÁKK sold HUF 5.0 bln of 15-year bonds, in line with the original offer. Dealers bid for HUF 8.9 bln of the papers. Average yield was 3.41%, 9 bps under the benchmark but 16 bps over the yield at the previous auction in mid-April.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.