ÁKK sold HUF 4.5 bln of three-year bonds, cutting its HUF 15 bln original offer after primary dealers submitted bids of just HUF 9.6 bln. The average yield was 10.34%, 2 bp over the secondary market benchmark yield and 5 bp higher than the yield at the previous auction of the bonds two weeks earlier.
The agency sold HUF 41 bln of five-year bonds, raising its offer from HUF 15 bln after bids came to HUF 72.8 bln. The average yield was 9.21%, 6 bp under the benchmark and 5 bp lower than the yield at the auction two weeks earlier.
ÁKK sold HUF 42 bln of 10-year bonds, HUF 27 bln over the original offer. Bids reached HUF 82.7 bln. The average yield was 8.3%, 3 bp under the benchmark, and 14 bp lower than the yield two weeks earlier.
The agency sold a further HUF 8.2 bln of the five-year and HUF 6.8 bln of the 10-year bonds at a non-competitive tender after the auction.
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.
