ÁKK sells HUF 62 bln of bonds at auction, over plan
Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 62 bln of bonds at an auction today, raising its original offer by HUF 17 bln, Hungarian news agency MTI reported.
ÁKK sold HUF 27 bln of three-year bonds, HUF 7 bln more than planned after primary dealers bid for HUF 37.92 bln of the papers. Average yield was 1.82%, the same as the secondary market benchmark but 7 bps over the yield at the previous auction of the bonds two weeks earlier.
ÁKK sold HUF 20 bln of five-year bonds, HUF 5 bln more than planned after receiving bids for HUF 27.35 bln. Average yield was 2.44%, again the same as the secondary market benchmark but 8 bps higher than the yield two weeks earlier.
ÁKK sold HUF 15 bln of ten-year bonds, HUF 5 bln more than planned. Dealers bid for HUF 38.8 bln of the bonds. Average yield was 3.36%, 2 bps under the secondary market benchmark but 4 bps higher than at the previous auction of the bonds two week earlier.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.