ÁKK sells HUF 97 bln of bonds at auction, over plan
pexels
The Government Debt Management Agency (ÁKK) sold a combined HUF 97 billion of bonds at auction on Thursday, raising its original offer by HUF 27 bln as demand was strong, especially for three-year and ten-year bonds.
The ÁKK sold HUF 33.5 bln of three-year bonds, raising its original offer by HUF 8.5 bln. Bids came to HUF 78.4 bln, and the average yield was 0.75%, 3 basis points below the secondary market benchmark, and 4 bps below the yield at the previous auction of the bonds held two weeks earlier.
The ÁKK also sold HUF 33.5 bln of five-year bonds, likewise raising its offer by HUF 8.5 bln, after dealers bid for HUF 49.1 bln of the papers. The average yield was 1.26%, 1 bp below the secondary market benchmark but 4 bps over the yield at the March 29 auction.
Finally, the ÁKK sold HUF 30 bln of ten-year bonds, HUF 10 bln over the original offer. Bids reached HUF 50.4 bln. The average yield was 2.37%, 1 bp under the yield on the secondary market benchmark and 26 bps lower than the yield at the previous ten-year auction held four weeks earlier on March 14.
Richter Shareholders Approve HUF 423/Share Dividend
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.
