Hungary's state debt manager AKK sold HUF 55bn (EUR 180.2mn) in 12-month treasury bills at an auction on March 14, raising the initial offer by HUF 5bn on strong demand, AKK informed. Investors bids totalled HUF 128.4bn, which corresponded to a 2.6 coverage ratio over the initial supply. Demand eased from HUF 161.3bn at the previous tender held a couple of weeks ago, when AKK also raised the initial float by HUF 10bn. The average yield at the latest auction stood at 4.66%, down by 22bps from the yield at the previous tender and 7bps under the secondary benchmark fixing. The range of yields widened and varied between 4.55% and 4.72%. |
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