ADVERTISEMENT

ÁKK sells HUF 62 bln of bonds at auction, HUF 7 bln more than planned

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 62 bln of bonds at auction on Thursday, raising its offers for the two shorter terms and cutting the offer for the longest.

ÁKK sold HUF 25 bln of three-year bonds, raising its original offer by HUF 5 bln after primary dealers bid for HUF 41.2 bln of the securities. Average yield was 2.11%, 1bp over the secondary market benchmark but 14 bp under the yield at the previous auction of the bonds two weeks earlier. Yields ranged between 2.08% and 2.13%.

ÁKK sold HUF 25 bln of five-year bonds, also HUF 5 bln more than planned. Dealers bid for HUF 36.6 bln. Average yield was 2.47%, 6 bp over the benchmark but 15 bp under the yield two weeks earlier. Yields ranged between 2.40% and 2.50%.

ÁKK sold HUF 12 bln of ten-year bonds, cutting its original offer by HUF 3 bln after dealers' bids came to just HUF 18.8 bln. Average yield was 2.86%, 4 bp over the benchmark but 29 bp under the yield at the previous auction. Yields ranged between 2.80% and 2.88%.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.