Economy
Infelicitious series: Hungary raises funds at higher cost again
The ÁKK has placed a HUF 30 billion lot of 12-m bills up for auction today, less than in the previous months (HUF 40 bn). Bids from primary dealers totalled HUF 35.57 bn, as a response to which the issuer allotted HUF 28.5 bn of the instrument. Accepted yields were between 0.48% and 0.6%, averaging 0.56%. This is 2 basis points higher than a fortnight ago and 3 bps over yesterday’s benchmark fixing of the 12-m bill on the secondary market.
The debt manager has also held an auction of 5-yr floating rate bonds today, but it accepted only HUF 6 bn of the HUF 11.28 bn in bids.
The debt manager has also held an auction of 5-yr floating rate bonds today, but it accepted only HUF 6 bn of the HUF 11.28 bn in bids.
