The ÁKK sold HUF 25.0 bln of three-year bonds, in line with the original offer. Dealers bid for HUF 29.5 bln of the papers. The average yield was 0.90%, 35 basis points over the yield on the secondary market benchmark, which matures more than six months earlier, and 4 bps higher than the yield at the previous auction of the bonds two weeks earlier.
The ÁKK also sold HUF 33.0 bln of five-year bonds, raising its original offer by HUF 8.0 bln after bids came to HUF 71.1 bln. The average yield was 1.42%, 2 bps over the benchmark and 8 bps higher than the yield at the auction two weeks earlier.
Finally, the ÁKK sold HUF 22.0 bln of ten-year bonds, HUF 7.0 bln more than planned, after bids reached HUF 58.1 bln. The average yield was 2.50%, 1 bp over the benchmark and 57 bps higher than the yield at the previous auction of the bonds four weeks earlier.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
