ÁKK sells HUF 93.5 bln of bonds, over plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 93.5 billion of bonds at auction on Thursday, HUF 18.5 bln more than planned, state news wire MTI reports.
ÁKK sold HUF 37.5 bln of five-year bonds, raising its original offer by HUF 12.5 bln after primary dealers bid for HUF 70.7 bln of the securities. The average yield was 1.71%, 2 bp under the secondary market benchmark and 4 bp lower than the yield at the bond auction one week earlier.
The agency sold HUF 42.5 bln of 10-year bonds, also HUF 12.5 bln over the plan. Bids reached HUF 57.5 bln. The average yield was 2.28%, 1 bp over the benchmark but 1 bp under the yield at the auction one week earlier.
ÁKK sold HUF 13.5 bln of 20-year bonds, cutting its original offer by HUF 6.5 bln, after bids came to just HUF 16.1 bln. The average yield was 2.68 %, 7 bp over the benchmark and 50 bp under the yield at the previous auction of the bonds on July 9.
ADVERTISEMENT
Business Confidence Worsens, Consumer Confidence Improves
Parliament Negates Mandatory Membership in MOK
Haulier Koncsek Trans Invests HUF 150 mln in Garage Upgrade
Budapest Leaders Unveil Plans to Scale Back Traffic on Thoro...
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.
