ÁKK sells HUF 66 bln of bonds at auction, slightly more than planned
The Government Debt Management Agency (ÁKK) sold HUF 66 bln of bonds at an auction on Thursday, HUF 1 bln more than planned, Hungarian news agency MTI reported it.
ÁKK sold HUF 20 bln of three-year bonds, cutting its original offer by HUF 5 bln after primary dealers bid for just HUF 22.5 bln. Average yield was 3.02%, 2bp under the secondary market benchmark but 3bp over the yield at the previous auction of the bonds two weeks earlier. Yields ranged between 2.98% and 3.08%.
ÁKK sold HUF 33.5 bln of five-year bonds, HUF 8.5 bln more than planned. Bids came to HUF 93.1 bln. Average yield was 3.31%, 3bp under the benchmark, but 8bp over the yield at the previous bond auction. Yields ranged between 3.28% and 3.34%.
ÁKK sold HUF 12.5 bln of ten-year bonds, HUF 2.5 bln under the original offer. Dealers bid for HUF 14.7 bln of the papers. Average yield was 4.20%, 5bp over the benchmark but 3bp under the yield two weeks earlier. Yields ranged between 4.12% and 4.25%.
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.