ADVERTISEMENT

ÁKK sells HUF 50.5 bln of bonds at auction, over plan

Debt

Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 50.5 bln of bonds at auction today, raising its original offer from HUF 43 bln on strong demand, Hungarian news agency MTI reported.

The ÁKK sold HUF 18 bln of three-year bonds, in line with the original offer. Primary dealers bid for HUF 61.3 bln of the papers. The average yield was 1.40%, 1 bps under the secondary market benchmark but 7 bps over the yield at the previous auction of the bonds two weeks earlier.

The ÁKK sold HUF 22.5 bln of five-year bonds, raising its original offer by HUF 7.5 bln after bids came to HUF 78.2 bln. The average yield was 2.09%, 3 bps under the benchmark and 1 bps lower than at the auction two weeks earlier.

The ÁKK sold HUF 10 bln of 15-year bonds, as planned. Bids reached HUF 20.5 bln. The average yield was 3.96%, 2 bps over the benchmark and 67 bps higher than the yield at the previous auction of the bonds in October of last year.

ADVERTISEMENT

Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.