Strong demand at Hungary's bond auction

Debt

Investors clamored to purchase Hungarian debt as the country experienced heavy demand at its biweekly Thursday bond auction, resulting in more being sold than originally planned, reports Portfolio.hu.  A HUF 50 million lot of bonds netted bids worth a total of HUF 99 million, prompting a net total of an extra HUF 2.5 billion to be issued.

At the same time, yields dropped considerably compared to the previous auction a fortnight ago, with a fall of 41-67 base points on today's bonds.

The most successful sell-off was for the tranche of 3-year bonds, which attracted HUF 57.7 billion on a lot valued at HUF 15 billion, with an average yield of 6.23%.  However, a HUF 15 billion lot of 10-year bonds only resulted in HUF 14 billion of bids at an average yield of 7.28%, causing the issuer to withdraw HUF 5 billion of the lot.

Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March Analysis

Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March

Hungary Condemns Iranian Attack on Israel Int’l Relations

Hungary Condemns Iranian Attack on Israel

Share of 1st Time Home Buyers Climbs Residential

Share of 1st Time Home Buyers Climbs

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D... Hotels

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...

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.