ADVERTISEMENT

ÁKK sells HUF 79.5 bln of bonds at auction

Debt

The Government Debt Management Agency (ÁKK) sold HUF 79.5 billion of bonds at auction on Thursday, HUF 14.5 bln more than planned, according to a report by state news wire MTI.

ÁKK sold HUF 35.5 bln of five-year bonds, raising its original offer by HUF 5.5 bln after primary dealers bid for HUF 43.6 bln of the securities. The average yield was 2.03%, level with the secondary market benchmark but 2 bp under the yield at the previous auction of the bonds two weeks earlier.

The agency sold HUF 21.5 bln of 10-year bonds, HUF 1.5 bln over the original offer. Bids reached HUF 33.5 bln. The average yield was 2.8, the same as the benchmark but 3 bp over the yield at the auction two weeks earlier.

ÁKK sold HUF 22.5 bln of 15-year bonds, raising its offer by HUF 7.5 bln after bids came to HUF 32.7 bln. Average yield was 3.17%, 2 bp over the benchmark and 3 bp higher than the yield at the previous auction of the bonds four weeks earlier.

The agency sold a further HUF 0.8 bln of the 15-year bonds at a non-competitive tender after the auction. No offers were made at the tender for the five- or 10-year bonds.

ADVERTISEMENT

Pressure increasing on CFOs - PwC survey Analysis

Pressure increasing on CFOs - PwC survey

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

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.