ÁKK sells HUF 51 bln of bonds at auction, slightly more than planned

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 51 bln of bonds at auction today, HUF 3 bln more than planned, Hungarian news agency MTI said.

ÁKK sold HUF 15 bln of three-year bonds, lowering its original offer by HUF 5 bln after primary dealers submitted bids for HUF 28.5 bln. Average yield was 2.24%, 9 bp over the secondary market benchmark and 14 bp higher than the yield at the previous auction of the securities two weeks earlier.

ÁKK sold HUF 19 bln of five-year bonds, HUF 3 bln more than planned. Dealers bid for HUF 45 bln. Average yield was 2.89%, 16 bp over the secondary market benchmark and 30 bp higher than the yield at the previous auction of the securities two weeks earlier.

ÁKK sold HUF 17 bln of ten-year bonds, HUF 5 bln more than planned. Bids came to HUF 46.3 bln. Average yield was 3.45%, 10 bp over the secondary market benchmark and 17 bp higher than the yield at the previous auction of the securities four weeks earlier.

ADVERTISEMENT

17% of homeowners plan renovations this year Analysis

17% of homeowners plan renovations this year

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried 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.