ÁKK sells HUF 85 bln of bonds at auction
The Government Debt Management Agency (ÁKK) sold a combined HUF 85 billion of bonds at auction on Thursday, HUF 10 bln under the plan, according to a report by state news wire MTI.
ÁKK sold HUF 35 bln of five-year bonds, in line with the original offer. Primary dealers bid for HUF 53.1 bln of the securities. The average yield was 1.52%, 4 bp under the secondary market and 2 bp lower than the yield at the previous auction of the bonds one week earlier.
The agency sold HUF 30 bln of 10-year bonds, cutting its original offer by HUF 5 bln after bids reached just HUF 39.5 bln. The average yield was 2.14%, 3 bp under the benchmark but 6 bp over the yield at the auction one week earlier.
ÁKK sold HUF 20 bln of 15-year bonds, also HUF 5 bln under the plan. Bids came to HUF 31.7 bln. The average yield was 2.32%, 1 bp under the benchmark and 33 bp lower than the yield at the previous auction of the bonds on October 15.
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.