ADVERTISEMENT

ÁKK switches short-term bonds to HUF 79 bln long ones at auction

Debt

The Government Debt Management Agency (ÁKK) sold primary dealers HUF 79 bln of government bonds maturing in 2023 and 2028 for bonds that run until 2017 at a switch auction on Wednesday. Auction sales were HUF 21 bln less than planned.

ÁKK sold HUF 29 bln of 2020/A bonds for payments with 2017/B bonds, less than the HUF 50 bln original offer. Bids reached HUF 38.8 bln. Average auction yield was 2.72%.

ÁKK sold the announced HUF 50 bln of 2023/A bonds for 2017/A bonds after receiving bids for HUF 72.5 bln. Average auction yield was 3.02%.

ÁKK calculated 2017/A bonds, expiring in November 2017, as payment at a yield of 1.53%. It calculated 2017/B bonds, expiring in February 2017, at a yield of 1.41%.

The yield of the bonds sold at the switch auction compare to a five-year secondary market yield of 2.66% and a ten-year yield of 3.15%.

Gov't to Present EU-wide Support Scheme for EV Purchases in ... Analysis

Gov't to Present EU-wide Support Scheme for EV Purchases in ...

Gov't to Call HUF 75 bln Tender to Support Innovation by SME... Government

Gov't to Call HUF 75 bln Tender to Support Innovation by SME...

Óbuda Uni Planning Technology and Innovation Park Innovation

Óbuda Uni Planning Technology and Innovation Park

White Raven Skybar, Laurent-Perrier Champagnes Enter Special... Drinks

White Raven Skybar, Laurent-Perrier Champagnes Enter Special...

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.