Hungarys state debt manger AKK sold a combined HUF 45bn (EUR 153.2mn) in three separate issues of fixed-rate bonds at an auction on March 22, the agency said on its website. The offer attracted bids of HUF 86.5bn, down from HUF 94.3bn at the auction a couple of weeks ago. AKK sold HUF 20bn in three-year bonds, by HUF 2bn more than the initial offer. The issue attracted HUF 41.4bn worth of bids, almost unchanged from the previous auction, when the debt manager raised the float by HUF 4bn. The average yield stood at 8.56%, 24ps up from the previous auction and 16bps over the secondary market benchmark. AKK sold also the planned amount of HUF 15bn in five-year bonds and demand eased to HUF 24.8bn. The yield averaged 8.76%, 19bps above the level at the previous auction and 21bps over the secondary market benchmark. The debt manager also floated HUF 10bn in ten-year bonds, in line with the initial offer. Investors filed bids worth HUF 20.3bn. The average yield stood at 8.96%, up from both the secondary market benchmark rate and the yield at the previous auction by 23pbs and 36bps, respectively. At the non-competitive tender later in the day, AKK sold a combined HUF 12.1bn in bonds, from which HUF 5.5bn in three-year bonds, HUF 3.5bn in five-year bonds and HUF 3.1bn in ten-year bonds. |
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