ÁKK sold HUF 15 bln of five-year bonds, in line with the original offer. Primary dealers bid for HUF 22 bln of the securities. The average yield was 11.35%, 35 bp under the secondary market benchmark and 87 bp lower than the yield at the previous auction of the bonds two weeks earlier.
The agency sold HUF 23 bln of 10-year bonds, raising its original offer by HUF 13 bln after bids reached HUF 42.9 bln. Average yield was 10.51%, 12 bp over the benchmark, but 16 bp under the yield at the bond auction two weeks earlier.
ÁKK sold HUF 6.5 bln of 20-year bonds, HUF 1.5 bln more than planned. Bids came to HUF 25 bln. Average yield was 9.8%, 19 bp over the benchmark and 41 bp higher than the yield at the previous auction of the bonds four 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.
