The ÁKK sold HUF 27.0 bln of three-year bonds, raising its original offer by HUF 2.0 bln, after bids came to HUF 39.5 bln. The average yield was 0.74%, 2 basis points under the secondary market benchmark and 1 bp lower than the yield at the previous auction of the bonds two weeks earlier.
The ÁKK also sold HUF 33.5 bln of five-year bonds, HUF 8.5 bln over plan. Bids reached HUF 62.7 bln, and the average yield was 1.29%, 3 bps under the benchmark but 3 bps higher than the yield at the bond auction two weeks earlier.
Finally, the ÁKK sold HUF 25.0 bln of ten-year bonds, HUF 5.0 bln more than planned. Dealers bid for HUF 38.9 bln of the papers. The average yield was 2.54%, 2 bps under the benchmark but 17 bps higher than two 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.
