ÁKK sells HUF 54 bln of bonds at auction, over plan
The Government Debt Management Agency (ÁKK) sold a total of HUF 54 billion of bonds at auction on Thursday, raising its original offer by HUF 4 bln on strong demand for the shortest term, state news agency MTI reported.
The ÁKK sold HUF 25.0 bln of three-year bonds, raising its original offer by HUF 5 bln after primary dealers submitted HUF 67.4 bln of bids. The average yield was 0.58%, 1 basis point under the secondary market benchmark, but 1 bp over 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 32.4 bln. The average yield was 1.07%, 2 bps under the benchmark, but 3 bps over the yield at the auction two weeks earlier.
The ÁKK cut its offer for 15-year bonds by HUF 1 bln to HUF 9.0 bln after dealers bid just HUF 14.8 bln for the papers. The average yield was 2.80%, 1 bp over the benchmark, but 48 bps under the yield at the previous auction of the bonds in mid-October.
Lenders' Home Loan Outlays at HUF 344 bln in H2 2023
Gov't Calls on Fuel Companies to Adjust Prices to Regional A...
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
