Primary dealers' bids for the bond reached HUF 46.3 bln. The average yield was 3.44%.
The benchmark yield on Hungary's longest "conventional" forint bond, a 20-year security, was 3.38% yesterday. Hungary launched the green bond at an auction on April 22, Earth Day, and is selling the securities each quarter. ÁKK expects full-year issuance to reach HUF 90 bln.
ÁKK also sold HUF 9 bln of a 12-month treasury bill at auction yesterday, cutting its original offer by HUF 11 bln after bids reached just HUF 20.6 bln. The average yield was 0.96%, 16 basis points over the benchmark.
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.
