Hungary's state debt manager AKK sold HUF 45bn (EUR 159.7mn) of three-month discount treasury bills at an auction on November 20, cutting the initial offer by HUF 5bn due to weak demand, AKK said. Investors submitted bids worth HUF 67.4bn, well below the HUF 92.3bn offered at the previous auction a week ago. The issue produced an average yield of 6.06%, unchanged from the yields achieved at the previous two tenders but 8bps over the secondary benchmark fixing yield. The range of the accepted yields varied from 6.00% to 6.10%. |
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