ÁKK sells HUF 67.5 bln of bonds, over plan
Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 67.5 bln of bonds at auction today (Thursday), raising its original offer by HUF 22.5 bln, Hungarian news agency MTI reported.
The ÁKK sold HUF 27 bln of three-year bonds, HUF 9 bln more than the original offer. Primary dealers bid for HUF 61.57 bln of the papers. Average yield was 1.22%, 1 bps over the secondary market benchmark but 13 bps lower than the yield at the previous auction of the bonds.
The ÁKK sold HUF 22.5 bln of five-year bonds, HUF 7.5 bln more than planned. Bids came to HUF 70.06 bln. The average yield was 1.79%, 1 bps over the benchmark and down 17 bps compared to the yield at the previous auction.
The ÁKK sold HUF 18 bln of 10-year bonds, HUF 6 bln more than the original offer. Bids reached HUF 32.95 bln. The average yield was 2.85%, 3 bps over the benchmark, and 14 bps lower than the yield at the last auction of the bonds.
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.