ÁKK sells HUF 65 bln of bonds at auction, HUF 15 bln over plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 65 bln of bonds at auction today, raising its original offer by HUF 15 bln on strong demand from primary dealers, Hungarian news agency MTI reported.
ÁKK sold HUF 30 bln of three-year bonds, raising its original offer by HUF 10 bln. Dealers bid for HUF 75.9 bln of the papers. The average yield was 2.30%, 17 bps under the yield at the previous auction of the bonds two weeks earlier.
ÁKK sold HUF 25 bln of five-year bonds, HUF 5 bln more than planned. Bids came to HUF 37.4 bln. Average yield was 2.74%, 9 bps under the yield two weeks earlier.
ÁKK sold HUF 10 bln of ten-year bonds, as announced. Bids reached HUF 15.6 bln. Average yield was 3.60%, 8 bps over 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.