ÁKK bond sales fall slightly short of plan

Debt

The Government Debt Management Agency (ÁKK) sold a total of HUF 62 billion of bonds at auction on Thursday, lowering its original combined offer by HUF 3 bln, state news wire MTI reported.

The ÁKK sold HUF 17.0 bln of three-year bonds, HUF 3 bln below its original offer. Primary dealers bid for HUF 23.72 bln of the securities. The average yield was 1.22%, 11 basis points over the secondary market benchmark, and 3 bps over the yield at the previous auction of the bonds.

The ÁKK also sold HUF 25.0 bln of five-year bonds, in line with its original offer as primary dealersʼ bids came to HUF 40.15 bln.  The average yield was 2.34%, 7 bps over the benchmark, and 7 bps over the yield at the previous auction.

Finally, the ÁKK sold HUF 20.0 bln of ten-year bonds, in line with its original offer. Bids reached HUF 39.75 bln, and the average yield was 2.84%, 5 bps over the benchmark, and 8 bps higher than the yield at the previous auction. 

Number of Thefts in Capital Edges Higher in 2023 Figures

Number of Thefts in Capital Edges Higher in 2023

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

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.