akk

 MTI – Econews  Friday, February 15, 2019, 10:30 The Government Debt Management Agency (ÁKK) sold a combined HUF 90.0 billion of bonds at auction on Thursday, HUF 25.0 bln over the original offer on strong demand from primary dealers, state news agency MTI reported.    The ÁKK sold HUF 30.0 bln of three-year bonds, raising its original offer by HUF 10.0 bln after dealersʼ bids came to HUF 75.7 bln. The average yield was 1.03%, 2 basis points under the secondary market benchmark and 13 bps lower than the yield at the previous auction of the bonds two weeks earlier. The ÁKK also sold HUF 30.0 bln of five-year bonds, HUF 5.0 bln over plan, after bids came to HUF 67.3 bln. The average yield was 2.23%, 2 bps over the benchmark, but 2 bps under the yield at the bond auction two weeks earlier.  Finally, the ÁKK sold HUF 30.0 bln of ten-year bonds, HUF 10.0 bln more than planned. Dealers offered to buy HUF 78.6 bln. The average … [Read more...] about ÁKK sells HUF 90 bln of bonds at auction, over plan

 MTI – Econews  Thursday, February 14, 2019, 09:30 The Government Debt Management Agency (ÁKK) bought back a combined HUF 23.73 billion of bonds expiring in 2019 or 2020 before maturity at a reverse auction on Wednesday, state news agency MTI reported. The ÁKK bought back HUF 4.08 bln of 2019/C bonds, which mature on October 30, 2019. Bids reached HUF 6.11 bln, and the average repurchase yield was 0.23%. The ÁKK also bought back HUF 19.65 bln of 2020/B bonds maturing on June 24, 2020. Bids reached HUF 21.05 bln. The average repurchase yield was 0.34%. The repurchase yields compare to a six-month secondary market benchmark of 0.14% and a 12-month benchmark of 0.38%. The ÁKK had planned to buy back HUF 5 bln of both papers. … [Read more...] about ÁKK reverse auction bond buyback exceeds plan

 MTI – Econews  Friday, February 8, 2019, 09:30 The Government Debt Management Agency (ÁKK) sold a combined HUF 39.0 billion of securities at auction on Thursday, HUF 3.0 bln more than planned, state news wire MTI reported. The ÁKK sold HUF 30.0 bln of discount 12-month T-bills, in line with its original offer. Primary dealers bid for HUF 100.7 bln of the papers. The average yield was 0.38%, 1 basis point over the secondary market benchmark, but 4 bps under 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 31.4 bln. … [Read more...] about ÁKK sells HUF 39.0 bln of securities at auction, over plan

 MTI – Econews  Thursday, February 7, 2019, 09:30 The Government Debt Management Agency (ÁKK) sold HUF 40 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 20 bln of 2026/D bonds for 2020/C bonds, in line with its original offer. Demand from primary dealers came to HUF 46.50 bln for the exchange.  The 2026/D bonds sold at an average yield of 2.58%. The average yield of the 2020/C bonds was 0.40%. The ÁKK also sold HUF 20 bln of 2028/A bonds for 2020/A bonds, also in line with its original offer, after bids reached HUF 30.20 bln.    The 2028/A bonds sold at an average yield of 2.71%, while the average yield of the 2020/A bonds was 0.44%. Of the closest secondary market benchmarks, the three-year benchmark calculated on 2021/C bonds was 1.05%, the five-year benchmark calculated on 2024/C bonds was … [Read more...] about ÁKK bond switch auction goes to plan

 MTI – Econews  Friday, February 1, 2019, 09:00 The Government Debt Management Agency (ÁKK) sold a total of HUF 73.5 billion of bonds at auction yesterday, raising its original offer by HUF 18.5 bln on strong demand, state news wire MTI reported. The ÁKK sold HUF 25 bln of three-year bonds, HUF 5 bln over the original offer. Primary dealers bid for HUF 67.7 bln of the securities. The average yield was 1.16%, 2 basis points below the secondary market benchmark and 6 bps under the yield at the previous auction of the bonds two weeks earlier. The ÁKK also sold HUF 33.5 bln of five-year bonds, HUF 8.5 bln more than planned, after primary dealersʼ bids came to HUF 107 bln. The average yield was 2.25%, 9 bps under both the benchmark and the yield at the auction two weeks earlier. Finally, the ÁKK sold HUF 15 bln of 15-year bonds, raising its original offer by HUF 5 bln. Bids reached HUF 27.3 bln, and the average yield was 3.77%, 4 bps under the … [Read more...] about ÁKK sells HUF 73.5 bln of bonds at auction, over plan