ÁKK sells HUF 47.5 bln of bonds at auction, over plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 47.5 bln of bonds at auction on Thursday, raising its original offer by HUF 7.5 bln, state news wire MTI reported.
The ÁKK sold HUF 15 bln of three-year bonds, in line with its original offer as primary dealers bid to buy HUF 29.50 bln of the securities. The average yield was 0.82%, the same as the secondary market benchmark, but 3 bps lower than the yield at the previous auction of the bonds.
The ÁKK also sold HUF 22.5 bln of five-year bonds, raising its original offer by HUF 7.5 bln, after dealers bid to buy HUF 57.40 bln. The average yield was 1.80%, 5 bps under the secondary market benchmark and 1 bp higher than the yield at the previous auction of the bonds.
In addition, the ÁKK sold HUF 10 bln of fifteen-year bonds, in line with its original offer. Bids came to HUF 16.25 bln. The average yield was 3.66%, 3 bps under the benchmark, but 4 bps higher than the yield at the previous auction.
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.