ÁKK sells HUF 74 bln of bonds at auction, over plan
The Government Debt Management Agency (ÁKK) sold HUF 74 billion of bonds at auction on Thursday, HUF 29 bln more than planned, according to a report by state news wire MTI.
ÁKK sold HUF 28.5 bln of five-year bonds, raising its original offer by HUF 8.5 bln after primary dealers bid for HUF 42.6 bln of the securities. The average yield was 7.18%, 6 bp under the secondary market benchmark, and 22 bp lower than the yield at the previous auction of the bonds two weeks earlier.
The agency sold HUF 35.5 bln of 10-year bonds, more than double the HUF 15 bln announced offer. Bids reached HUF 80 bln. The average yield was 7.12%, 6 bp under the benchmark, and 21 bp lower than the yield at the bond auction two weeks earlier.
ÁKK sold HUF 10 bln of 15-year bonds, in line with the original offer. Bids came to HUF 19.7 bln. Average yield was 7.01%, 5 bp under the benchmark and 2 bp lower than the yield at the previous auction of the bonds four weeks earlier.
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.