ÁKK sells HUF 49.5 bln of bonds at auction, more than planned

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 49.5 bln of bonds at auction today, HUF 4.5 bln more than planned, Hungarian news agency MTI reported.

ÁKK sold HUF 22.5 bln of three-year bonds, raising its original offer by HUF 2.5 bln after primary dealers submitted bids for HUF 38.8 bln. Average yield was 2.10%, 3 bp under the secondary market benchmark and 1 bp lower than the yield at the previous auction of the securities two weeks earlier.

ÁKK sold HUF 17 bln of five-year bonds, HUF 2 bln more than planned. Dealers bid for HUF 32.9 bln. Average yield was 2.59%, level with the benchmark but 5 bp under the yield two weeks earlier.

ÁKK sold HUF 10 bln of 15-year bonds, as planned. Bids came to HUF 20 bln. Average yield was 3.56%.

The 15-year bond, which matures in 2031, was offered for the first time. The yield for the benchmark 15-year bond, which matures in 2028, was 3.44%.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

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.