ÁKK had offered to sell HUF 15 bln of three-year bonds, but accepted none of primary dealersʼ bids to buy just HUF 6.9 bln of the securities.
ÁKK raised its offer for five-year bonds by HUF 5 bln to HUF 20 bln after dealers bid to buy HUF 31 bln. Average yield was 1.75%, 1 bp under the secondary market benchmark and 2 bps lower than the yield at the previous auction of the bonds two weeks earlier.
ÁKK sold HUF 14.5 bln of ten-year bonds, HUF 4.5 bln more than planned. Bids came to HUF 17.6 bln. Average yield was 3.09%, 6 bps over the benchmark, but 2 bps lower than the yield two weeks earlier.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
