Offers totaling HUF 61.2 bln were received for the mortgage bonds, reported business news portal vg.hu. Responding to the significant investor interest and exploiting a favorable yield climate, the issuer accepted offers of HUF 45 bln. The value date of the issue is April 5.
The report noted that the level of interest was noteworthy given that the average yield of 1.29% still remained significantly below the market yield of government bonds of similar maturity.
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.
