ADVERTISEMENT

ÁKK sells HUF 88.5 bln of bonds at auction, over plan

Debt

The Government Debt Management Agency (ÁKK) sold a total of HUF 88.5 billion of bonds at auction on Thursday, raising its original offer by HUF 18.5 bln on strong demand from primary dealers.

The ÁKK sold HUF 25 bln of three-year bonds, in line with its original offer. Primary dealers bid for HUF 39.04 bln of the securities. The average yield was 1.19%, level with the secondary market benchmark, but 8 basis points under the yield at the previous auction of the bonds.

The ÁKK also sold HUF 33.5 bln of five-year bonds, raising its offer by HUF 8.5 bln after dealersʼ bids came to HUF 116.43 bln. The average yield was 2.27%, 7 basis points under the benchmark, and 39 basis points under the yield at the previous auction.

Finally, the ÁKK sold HUF 30 bln of ten-year bonds, HUF 10 bln more than planned. Bids reached HUF 127.74 bln. The average yield was 2.76%, 10 basis points under the benchmark, and 39 basis points lower than the yield at the previous auction.

ADVERTISEMENT

Czech economic confidence improves in May Analysis

Czech economic confidence improves in May

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500

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.