ÁKK Sells HUF 90.5 bln in Bonds
The Government Debt Management Agency (ÁKK) sold HUF 90.5 billion of bonds at auction yesterday, a little more than double the HUF 45 bln plan, according to data released on its website.
ÁKK sold HUF 37.5 bln of three-year bonds, raising its original offer by HUF 17.5 bln after primary dealers bid for HUF 53 bln of the securities; the average yield was 9.12%.
The agency sold HUF 30.5 bln of five-year bonds, HUF 15.5 bln over the plan. Bids reached HUF 52.8 bln, and the average yield was 8.84%.
ÁKK sold HUF 22.5 bln of 10-year bonds, HUF 12.5 bln more than the original offer. Bids came to HUF 47.8 bln with an average yield of 8.21%.
After the auction, the agency also sold a further HUF 600 million of the three-year and HUF 500 mln of the five-year bonds at a non-competitive tender.
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.