Hungary's state debt manager AKK sold HUF 75bn (EUR 256.5mn) in 12-month treasury bills at an auction on February 14, raising the initial offer by HUF 25bn on strong demand, AKK informed. Investors bids totalled HUF 183bn, which corresponded to a 3.7 coverage ratio. Demand rose from HUF 143.7bn at the previous tender held a couple of weeks ago, when AKK also raised the initial float by HUF 15bn. The average yield at the latest auction reached 5.13%, or by 10bps below the yield at the previous tender and 3bps under the secondary benchmark fixing. The range of yields narrowed and varied between 5.10% and 5.14%. |
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