ÁKK sells HUF 29 bln of bonds at switch auction
The Government Debt Management Agency (ÁKK) sold HUF 29 billion of bonds maturing in 2026 and 2028, accepting bonds expiring in 2020 as payment, at a switch auction on Wednesday. Bids for the longer-term securities fell below the offered amount.
The ÁKK sold HUF 20 bln of 2026/D bonds for 2020/C bonds, in line with its original offer. Demand from primary dealers came to HUF 23.6 bln for the exchange. The 2026/D bonds sold at an average yield of 2.73%, while the 2020/C bonds were accepted at a fixed yield of 0.12% in the exchange.
The ÁKK also sold HUF 9 bln of 2028/A bonds for 2020/A bonds, down HUF 11 bln from its original offer. Bids reached HUF 17.5 bln. The 2028/A bonds sold at an average yield of 3.06%. The yield of the 2020/A bonds was fixed at 0.15%.
The five-year benchmark yield on 2024/C bonds was 2.12% on Tuesday. The ten-year benchmark yield on 2038/A bonds was 3.21%.
Czech Economic Sentiment Hits 1-year High
Chinese President to Visit Budapest in May
Hungarian Gen Z Auto-buyers Prioritize Affordability
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
