Hungary's debt manager AKK sold HUF 60bn (EUR 208.7mn) in three-month discount treasury bills at an auction on July 17, raising the initial offer by HUF 15bn, the agency informed. Investors offered HUF 179.6bn worth of bids providing almost a four-fold coverage over the original supply. Demand strengthened from the previous auction on July 11, when bids totalled HUF 106.1bn. The average yield at the auction stood at 6.89%, down by 22bps from the secondary benchmark fixing and by 12bps from the yield at the previous tender. The range of accepted yields narrowed and varied between 6.85% and 6.90%. The lower yields resulted from the start of the loan talks with the IMF. |
Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more
The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more
The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more