Hungary's state debt manager AKK sold HUF 65bn (EUR 216.8mn) of three-month discount Treasury bills at an auction on September 10, raising the initial offer by HUF 15bn, AKK said.
Investors submitted bids worth HUF 154bn providing a healthy coverage ratio over the original supply. Demand nearly doubled from HUF 77.4bn at the previous auction held a week earlier, when AKK sold the announced volume of HUF 50bn.
The average yield at the latest auction reached 3.71%, down by 4bps from the previous tender but inline with the secondary benchmark fixing. The range of yields narrowed and varied between 3.68% and 3.73%.
The head of the European Commission Jean-Claude Juncker held talks with leaders of the Visegrad Group at a nearly three-hour dinner on October 19. The dinner on the eve of the EU summit was ... more
Hungary-based no-frills airline Wizz Air has set up subsidiary in the United Kingdom and is considering acquiring an air operators certificate (AOC) in preparation for possible negative impacts ... more
The stock of government bonds held by households rose by HUF154bn (€500mn) September to an all-time high of HUF6.5 trillion, Hungary’s Government Debt Management Agency (AKK) said on October 16. ... more