ADVERTISEMENT

ÁKK sells HUF 65 bln of bonds at auction, over plan

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 65 billion of three, five and ten-year bonds at auction on Thursday, raising its original offer by HUF 15 bln on strong demand, state news wire MTI reported.

The ÁKK raised its offers for each of the three bonds at the auction by HUF 5 bln.

The ÁKK sold HUF 25 bln of three-year bonds, after primary dealers bid for HUF 37.2 bln of the papers. The average yield was 0.49%, 3 basis points over the secondary market benchmark, but 2 bps lower than the yield at the previous auction of the bonds two weeks earlier.

The ÁKK likewise sold HUF 25 bln of five-year bonds, with bids reaching HUF 40.0 bln. The average yield was 1.19%, 2 bps over the benchmark but 3 bps lower than the yield two weeks earlier.

The ÁKK also sold HUF 15 bln of ten-year bonds. Bids came to HUF 33.0 bln. The average yield was 2.46%, 1 bp over the benchmark, but 10 bps lower than the yield at the previous auction of the bills four weeks earlier.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.