ÁKK sells HUF 70 bln of bonds at auction, HUF 20 bln over plan

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 70 bln of bonds at auction today, raising its original offer by HUF 20 bln on strong demand, Hungarian news agency MTI reported.

ÁKK sold HUF 30 bln of three-year bonds, HUF 10 bln more than planned. Primary dealers bid for HUF 106.3 bln of the papers. Average yield was 1.97%, 6 bps under the secondary market benchmark and 18 bps lower than the yield at the previous auction of the bonds two weeks earlier.

ÁKK sold HUF 30 bln of five-year bonds, also HUF 10 bln over the original offer. Bids reached HUF 72.2 bln. Average yield was 2.67%, 1 bps under the benchmark but 8 bps over the yield at the auction two weeks earlier.

ÁKK sold HUF 10 bln of 15-year bonds, in line with the original offer. Bids were HUF 19.5 bln. Average yield was 4.01%, 6 bps over the benchmark but 17 bps lower than the yield at the previous auction of the bonds in June.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

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.