ÁKK sells HUF 76.5 bln of bonds at auction
pixabay
The Government Debt Management Agency (ÁKK) sold a combined HUF 76.5 billion of bonds at auction on Thursday, HUF 24.5 bln more than planned, state news wire MTI reports.
ÁKK sold HUF 30 bln of five-year bonds, raising its original offer by HUF 10 bln after primary dealers bid for HUF 76.2 bln of the securities. The average yield was 2.53%, 2 bp under the secondary market benchmark but 22 bp over the yield at the previous auction of the bonds two weeks earlier.
The agency sold HUF 28.5 bln of 10-year bonds, HUF 8.5 bln more than planned. Bids reached HUF 47.6 bln. The average yield was 3.07%, 1 bp under the benchmark and 19 bp higher than the yield at the auction two weeks earlier.
ÁKK sold HUF 18 bln of 20-year bonds, HUF 6 bln over the original offer. Bids came to HUF 32.5 bln. Average yield was 3.56%, 2 bp under the benchmark and 26 bp higher than the yield at the previous auction of the bonds four weeks earlier.
ADVERTISEMENT
Households Make Net Withdrawals in April
Parl't Approves Amendments to Legislation on Judiciary
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.
