MTI – Econews Friday, December 14, 2018, 08:30 The Government Debt Management Agency (ÁKK) sold a combined HUF 39.0 billion of securities at auction on Thursday, raising its original offer by HUF 3.0 bln on strong demand for a floating-rate bond, state news wire MTI reported. The ÁKK sold HUF 30.0 bln of discount 12-month T-bills, in line with the original offer. Primary dealers bid for HUF 33.7 bln of the papers, and the average yield was 0.41%, 17 basis points over the secondary market benchmark and 8 bps higher than the yield at the previous auction of the bills two weeks earlier. The ÁKK also sold HUF 9.0 bln of five-year floating-rate bonds, raising its offer by HUF 3.0 bln after bids came to HUF 12.4 bln. … [Read more...] about ÁKK auctions HUF 39 bln of securities, over plan
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ÁKK switch auction sales fall short of plan
MTI – Econews Thursday, December 13, 2018, 09:30 The Government Debt Management Agency (ÁKK) sold HUF 38.19 billion of bonds maturing in 2026 and 2028, accepting bonds expiring in 2020 as payment, at a switch auction on Wednesday, state news wire MTI reported. The ÁKK sold HUF 15.5 bln of 2026/D bonds for 2020/C bonds, below its original offer of HUF 20 bln. Demand from primary dealers came to HUF 22.30 bln for the exchange. The 2026/D bonds sold at an average yield of 3.13%. The average yield of the 2020/C bonds was 0.50%. The ÁKK also sold HUF 20 bln of 2028/A bonds for 2020/A bonds, in line with its original offer, after bids reached HUF 27.75 bln. The 2028/A bonds sold at an average yield of 3.25%. The average yield of the 2020/A bonds was 0.53%. Of the closest secondary market benchmarks, the three-year benchmark calculated on 2021/C bonds was 1.27%, the five-year benchmark calculated on 2024/C bonds was 2.66%, and the ten-year benchmark … [Read more...] about ÁKK switch auction sales fall short of plan
T-bill auction sale falls just below plan
MTI – Econews Wednesday, December 12, 2018, 08:30 The Government Debt Management Agency (ÁKK) sold HUF 48.0 billion of discount three-month T-bills at auction on Tuesday, lowering its original offer by HUF 2.0 bln because of tepid demand from primary dealers. Bids for the securities came to just HUF 54.3 bln, state news wire MTI reported. The average yield was -0.06%, 8 basis points under the secondary market benchmark, but 9 bps over the yield at the previous auction of the bills one week earlier. … [Read more...] about T-bill auction sale falls just below plan
ÁKK auctions HUF 75 bln of bonds, over plan
MTI – Econews Friday, December 7, 2018, 08:30 The Government Debt Management Agency (ÁKK) sold a combined HUF 75.0 billion of bonds at auction on Thursday, raising its original offer by HUF 20.0 bln on strong demand from primary dealers, state news wire MTI reported. The ÁKK sold HUF 22.5 bln of three-year bonds, raising its original offer by HUF 2.5 bln after dealersʼ bids reached HUF 29.6 bln. The average yield was 1.27%, 1 basis point over the secondary market benchmark, but 20 bps under the yield at the previous auction of the securities two weeks earlier. The ÁKK also sold HUF 30.0 bln of five-year bonds, HUF 10.0 bln more than planned. Bids came to HUF 55.4 bln, and the average yield was 2.66%, level with the benchmark but 17 bps under the yield at the auction two weeks earlier. Finally, the ÁKK sold HUF 22.5 bln of ten-year bonds, raising its offer by HUF 7.5 bln, after bids reached HUF 60.5 bln. The average yield was 3.15%, the same … [Read more...] about ÁKK auctions HUF 75 bln of bonds, over plan
ÁKK buys back HUF 30.3 bln of bonds early at auction
MTI – Econews Thursday, December 6, 2018, 09:00 The Government Debt Management Agency (ÁKK) bought back a combined HUF 30.3 billion of bonds expiring in 2019 before maturity at a buy-back auction on Wednesday, state news wire MTI reported. The ÁKK bought back HUF 8.2 bln of 2019/A bonds, which mature on June 24, 2019. Bids reached HUF 10.7 bln, and the average repurchase yield was 0.02%. The repurchase yield compares to a six-month secondary market benchmark of 0.00%. The ÁKK also bought back HUF 22.1 bln of 2019/B floating-rate bonds maturing on May 20, 2019. Bids reached HUF 99.9 bln. The agency had planned to buy back HUF 5.0 bln apiece of both securities. … [Read more...] about ÁKK buys back HUF 30.3 bln of bonds early at auction