ÁKK sells HUF 97.5 bln of bonds at auction, over plan

Debt

The Government Debt Management Agency (ÁKK) sold HUF 97.5 billion of bonds at auction on Thursday, raising its original offer by HUF 22.5 bln, state news wire MTI.

ÁKK sold HUF 20 bln of three-year bonds, as planned. Primary dealers bid for HUF 75.71 bln of the securities. The average yield was 1.12%, 2 bp under the secondary market benchmark, and 1 bp under the yield at the previous auction of the bonds one week earlier.

The agency sold HUF 60 bln of five-year bonds, raising its original offer by HUF 20 bln after bids reached HUF 148.38 bln. The average yield was 1.50%, 5 bp under the benchmark and 1 bp lower than the yield at the auction a week earlier.

ÁKK sold HUF 17.5 bln of 10-year bonds, raising its original offer by HUF 2.5 bln. Bids came to HUF 34.48 bln. The average yield was 2.31%, 4 bp under the benchmark, and 19 bp over the yield at the previous auction of the bonds.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

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.