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%.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Hungary's electric sports aircraft maker expands production

Hungary's Magnus Aircraft is constructing a new manufacturing plant in southern Hungary near the regional Pecs-Pogany airport to meet rising demand for its unique aircraft and plans to finish ... more

Gyorgy Waberer to list logistics company BILK on Budapest bourse

Gyorgy Waberer, the former owner of haulage company Waberer, plans to list shares of Budapest logistics terminal BILK on the Budapest Stock Exchange in June, local media reported on May 28. “I ... more

Hungary reaches deal with Gazprom on 2019 gas deliveries

Hungary has reached an agreement with Russian gas giant Gazprom on the volume and price of next year's gas deliveries and negotiations have begun on gas deliveries for 2020, Foreign Minister Peter ... more

Most Read

  1. STOLYPIN: Putin builds a Presidential Administration fit for stagnation
    5 days ago
  2. Denmark remains last to approve Russia's Nord Stream 2, Sweden finds "no reason" to ban the pipeline
    6 days ago
  3. Iran’s rial languishes with no sign of credible nuclear deal rescue from Europe
    7 days ago
  4. Erdogan raises a white flag in the lira crisis
    21 days ago
  5. COMMENT: Russia’s oil giant Rosneft just crossed one of China’s red lines in Vietnam
    14 days ago
  1. KRUK REPORT: The unbearable lightness of being alive
    19 days ago
  2. Sberbank oil analyst Alex Fak fired for being openly critical of state-owned gas giant Gazprom
    27 days ago
  3. Gazprom insider pipeline deals for Putin cronies worth $93bn, analysts claim
    28 days ago
  4. STOLYPIN: Putin builds a Presidential Administration fit for stagnation
    5 days ago
  5. COMMENT: Russia’s oil giant Rosneft just crossed one of China’s red lines in Vietnam
    14 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss