ADVERTISEMENT

ÁKK switches HUF short-term bonds to HUF 45 bln long ones at auction

Debt

The Government Debt Management Agency (ÁKK) sold primary dealers HUF 45 bln of government bonds maturing in 2023 and 2028, for bonds that run until 2017, at a switch auction on Wednesday, HUF 35 bln less than planned.

ÁKK sold HUF 30 bln of 2023/A bonds for 2017/A bonds, HUF 20 bln less than the original offer after receiving bids for HUF 42.6 bln. Average auction yield was 3.05%.

ÁKK sold HUF 15 bln of 2028/A bonds for payments with 2017/A bonds, less than the HUF 30 bln original offer. Bids reached HUF 19.3 bln. Average auction yield was 3.36%.

ÁKK calculated 2017/A bonds as payment at a yield of 1.72%.

The yield of the bonds sold at the switch auction compare to a ten-year secondary market yield of 3.14% and a 15-year yield, calculated on the same 2028/A bonds, of 3.34%.

ADVERTISEMENT

Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.