Bond auction sees strong demand, rising yields
Thursday, October 27, 2005, 14:29
The State Debt Management Center (ÁKK) received bids for more than twice the amount of five- and ten-year bonds on offer at auction on Thursday, but sold only the previously announced amount on rising yields. ÁKK sold Ft 35 billion of the five-year 2010/B bond. Offers came to Ft 94.10 billion. Average yield at the auction was 6.83%, 11bp over Wednesday's secondary market benchmark. ÁKK sold Ft 25 billion of the ten-year 2016/C bonds after receiving offers from Ft 54.73 billion. Average yield was 6.78%.