ÁKK switch auction bond sales fall short of plan
pixabay
The Government Debt Management Agency (ÁKK) sold HUF 20.5 billion of bonds maturing in 2026 and 2031 at a switch auction on Wednesday, accepting bonds expiring in 2021 and 2022 as payment, state news wire MTI reported.
The ÁKK sold HUF 11.5 bln of 2026/D bonds for 2021/B bonds, below its original offer of HUF 20 bln. Demand from primary dealers came to HUF 14.25 bln for the exchange.
The 2026/D bonds sold at an average yield of 1.38%. The average yield of the 2021/B bonds was minus 0.03%.
The ÁKK also sold HUF 9.0 bln of 2031/A bonds for 2022/A bonds, below its original offer of HUF 20 bln. Bids reached HUF 16.73 bln.
The 2031/A bonds sold at an average yield of 2.07%. The average yield of the 2022/A bonds was 0.24%.
Of the closest secondary market benchmarks, the three-year benchmark calculated on 2022/C bonds was 0.40%, the five-year benchmark calculated on 2024/C bonds was 0.96%, and the ten-year benchmark calculated on 2030/A bonds was 1.86%.
Hungary Gasoline Prices 3% Over Regional Avg
Hungary to Address Future of Cohesion Policy During EU Presi...
Cordia’s Marina City Project Begins
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
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.
