ÁKK sells HUF 50.5 bln of bonds at switch auction
The Government Debt Management Agency (ÁKK) sold primary securities dealers HUF 50.5 bln of bonds maturing in 2022 and 2023 for papers that run until 2016 at a switch auction on Wednesday, about half of the original offer, Hungarian news agency MTI reported today.
ÁKK sold HUF 6.5 bln of the 2022/A bonds, well under the HUF 50 bln original offer. Bids came to HUF 15.5 bln. ÁKK accepted 2016/D bonds as payment at a fixed yield of 2.48%. Average yield at the auction was 4.03%.
ÁKK sold HUF 44.0 bln of the 2023/A bonds, also short of the HUF 50 bln original offer. Bids reached HUF 51.3 bln. ÁKK accepted 2016/C bonds as payment at a fixed yield of 2.13%. Average auction yield was 4.21%.
ADVERTISEMENT
CIG Pannónia Board Proposes HUF 18-per-share Dividend
Hungarian Lawmakers Ratify Finland's NATO Accession
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.
