ÁKK sells HUF 35 bln of bonds at auction, under plan
The Government Debt Management Agency (ÁKK) sold HUF 35 billion of bonds at auction on Thursday, HUF 20 bln under plan, according to a report by state news wire MTI.
ÁKK sold HUF 10 bln of five-year bonds, cutting its original offer by HUF 15 bln after primary dealers bid for just HUF 18.9 bln of the securities. The average yield was 4.96%, 17 bp over the secondary market benchmark and 37 bp higher than the yield at the previous auction of the bonds two weeks earlier.
The agency sold HUF 20 bln of 10-year bonds, in line with the original offer. Bids reached HUF 49.4 bln. The average yield was 4.99%, 12 bp over the benchmark and 36 bp higher than the yield two weeks earlier.
ÁKK sold HUF 5 bln of 20-year bonds, halving its original offer after bids came to HUF 9.6 bln. Average yield was 5.15%, 14 bp over the benchmark, and the yield at the previous auction of the bonds four weeks 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.