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Tags: Hungary | bonds | Debt

Hungary Sells Less Debt Than Planned, Rejects 3-Year Bond Bids

Thursday, 29 December 2011 09:21 AM

Hungary sold 15 billion forint ($62 million) in government bonds, 18 billion forint less than planned, at an auction today as borrowing costs rose and the state rejected all bids for three-year notes.

The Debt Management Agency, known as AKK, sold 10 billion forint in 2017 securities at 9.63 percent from 8.72 percent on Dec. 15, according to auction results published on Bloomberg. The agency raised 5 billion forint in 2022 notes at 9.70 percent from 8.78 percent on Dec. 1 when that maturity was last sold.

Investors bid for a total 45 billion forint in debt at today’s auction.


© Copyright 2022 Bloomberg News. All rights reserved.


FinanceNews
Hungary sold 15 billion forint($62 million) in government bonds, 18 billion forint less than planned, at an auction today as borrowing costs rose and the state rejected all bids for three-year notes.The Debt Management Agency, known as AKK, sold 10 billion forint in 2017...
Hungary,bonds,Debt
100
2011-21-29
Thursday, 29 December 2011 09:21 AM
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