ÁKK Sells HUF 147.5 bln of Bonds at Auction, Over Plan
The Government Debt Management Agency (ÁKK) sold HUF 147.5 billion of bonds at auction on Thursday, HUF 77.5 bln more than planned, according to a report by state news wire MTI.
ÁKK sold HUF 65.5 bln of two-year bonds, raising its original offer by HUF 25.5 bln after primary dealers bid for HUF 78 bln of the bonds. The average yield was 11.57%, 159 bp over the secondary market three-year benchmark.
The agency sold HUF 42 bln of five-year bonds, HUF 22 bln more than planned. Bids reached HUF 62.6 bln. The average yield was 9.07%, 50 bp under the benchmark but 23 bp over the yield at the previous auction of the bonds two weeks earlier.
ÁKK sold HUF 40 bln of 10-year bonds, well over the HUF 10 bln original offer. Bids came to HUF 82.1 bln. The average yield was 8.27%, 29 bp under the benchmark but 6 bp over the yield at the bond auction two weeks earlier.
The Makings of the Future Smart Electricity Network
Aldi Opening Biggest Store in Budapest
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.
