ÁKK auctions HUF 55 bln of bonds, slightly over plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 55.0 billion of bonds at auction on Thursday, raising its original offer by HUF 5.0 bln on strong demand for the longest term.
The ÁKK sold HUF 20.0 bln of three-year bonds, in line with the original offer. Primary dealers bid for HUF 28.4 bln of the papers. The average yield was 1.82%, 20 basis points over the secondary market benchmark and 68 bps higher than the yield at the previous auction of the bonds two weeks earlier.
The ÁKK also sold HUF 20.0 bln of five-year bonds, as planned. Bids came to HUF 25.4 bln, and the average yield was 2.71%, 62 bps over the secondary market benchmark which matures two years earlier.
Finally, the ÁKK sold HUF 15.0 bln of ten-year bonds, HUF 5.0 bln more than planned, after dealers bid for HUF 21.0 bln. The average yield was 3.51%, 5 bps over the benchmark and 40 bps more than the yield at the previous auction of the bonds four weeks earlier.
MET Group Records 2nd Most Profitable Year in 2023
Gov't Considering Fuel Price Intervention
Wienerberger Lays Cornerstone of HUF 12 bln Concrete Tile Pl...
Time Out Market to Open in Budapest Next Year
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.
