ÁKK sells HUF 90 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 90 billion of bonds at auction on Thursday, HUF 10 bln more than planned, according to a report by state news wire MTI.

ÁKK sold HUF 20 bln of three-year bonds, in line with the original offer. Bids came to HUF 56.90 bln. The average yield was 1.26%, 2 bp below the benchmark and 1 bp lower than the yield at the previous auction of the bonds.

The agency sold HUF 35 bln of five-year bonds, raising its original offer by HUF 10 bln after primary dealers bid for HUF 67.49 bln of the securities. The average yield was 1.75%, level with the secondary market benchmark and 4 bp higher than the yield at the previous auction of the bonds.

ÁKK sold HUF 35 bln of 10-year bonds, in line with its original offer. Bids reached HUF 46.75 bln. The average yield was 2.29%, 1 bp below the benchmark but 7 bp higher than the yield at the previous auction.

Figures

VC Investments in CEE at EUR 940 mln in Q2 2024 – Vestbee

World

American Hungarian Diaspora Org Sets Sights on Young People

Energy Trade

Ganz’s Giant Transformer to Connect Hungarian and Eastern European Power Grids

Budapest

Karácsony: Budapest Ready for Flood Wave

SUPPORT THE BUDAPEST BUSINESS JOURNAL

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.