Yields on Hungary's twelve-month bills drop at primary auction.

By bne IntelliNews August 2, 2013

Hungary's state debt manager AKK sold HUF 50bn (EUR 167mn) in 12-month treasury bills at an auction on August 1, in line with the initial offer, AKK informed.

Investors’ bids totalled HUF 91.7bn, which marked a sharp decline from HUF 171.4bn at the previous tender held a couple of weeks ago, when AKK raised the initial float by HUF 25bn.

The average yield at the latest auction reached 4.02%, down by 6bps from the yield at the previous tender and 7bps under the secondary benchmark fixing.

The range of yields widened and varied between 3.97% and 4.07%.

Related Articles

Explosion at Austrian gas hub interrupts supplies to Italy, Hungary and Slovenia

An explosion at the site of Austrian OMV’s Baumgarten natural gas hub has interrupted gas transit to Italy, Slovenia and Hungary, the Austrian government’s electricity and gas markets regulator ... more

Hungary planning to strike fair deal on INA, says Orban

Hungary is ready to strike a "fair deal to end the poisonous dispute" surrounding MOL and Croatian energy company INA, Hungarian PM Viktor Orban said after he met his Croatian counterpart Andrej ... more

Hungary gets ready for China-CEE “16+1” summit

The Hungarian government will join the China-Central and Eastern Europe Investment Cooperation Fund, a private equity fund organised by the Export-Import Bank of China, by investing €50mn, ... more

Dismiss