ÁKK sold HUF 27.5 bln of three-year bonds, raising its original offer by HUF 17.5 bln after primary dealers bid for HUF 51.3 bln of the securities. The average yield was 8.96%, level with the secondary market benchmark yield but 9 bp over the yield at the previous auction of the bonds two weeks earlier.
The agency sold HUF 22 bln of five-year bonds, HUF 12 bln more than planned. Bids came to HUF 36 bln. The average yield was 7.72%, 3 bp under the benchmark but 16 bp over the yield at the auction two weeks earlier.
The agency also sold HUF 16.5 bln of 10-year bonds, HUF 6.5 bln more than the plan. Bids reached HUF 37.2 bln. The average yield was 7.43%, 3 bp under the benchmark but 24 bp over the yield two weeks earlier.
ÁKK sold a further HUF 6.9 bln of the three-year, HUF 8.2 bln of the five-year, and HUF 6.1 bln of the 10-year bonds at a non-competitive tender after the auction.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
