ÁKK sells HUF 61.5 bln of bonds at auction, over plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 61.5 billion of bonds at auction on Thursday, HUF 6.5 bln more than planned, state news wire MTI reported.
The ÁKK sold HUF 25.0 bln of three-year bonds at the auction, raising its original offer by HUF 5 bln after primary dealers bid for HUF 34.20 bln of the papers. The average yield was 1.74%, 1 basis point over the secondary market benchmark and 18 bps over the yield at the previous auction of the bonds.
The ÁKK also sold HUF 14.0 bln of five-year bonds, HUF 6 bln under the planned amount. Bids came to HUF 16.0 bln, while the average yield was 2.95%, 3 bps over the benchmark and 18 bps over the yield at the auction two weeks earlier.
Finally, the ÁKK sold HUF 22.5 bln of ten-year bonds, HUF 7.5 bln over the original offer. Dealersʼ bids came to HUF 38.52 bln. The average yield was 3.49%, 3 bps over the benchmark and 20 bps higher than the yield at the previous auction of the securities.
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.