ÁKK sells HUF 48 bln of bonds at auction, slightly over plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 48 billion of bonds at auction on Thursday, raising its original offer by HUF 3 bln on strong demand for the ten-year papers, Hungarian news agency MTI reported.
The ÁKK sold HUF 18 bln of three-year bonds, as planned. Primary dealers bid for HUF 69.2 bln of the papers. The average yield was 1.52%, 3 bps under the secondary market benchmark and 4 bps lower than the yield at the previous auction of the bonds two weeks earlier.
The ÁKK sold HUF 15 bln of five-year bonds, also in line with the original offer. Bids came to HUF 39.7 bln. The average yield was 2.22%, level with both the benchmark and the yield at the previous auction.
The ÁKK raised its offer for ten-year bonds to HUF 15 bln after bids reached HUF 34.9 bln. The average yield was 3.43%, 2 bps under the benchmark and 14 bps lower than at the auction two weeks earlier.
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.