ÁKK auction sales fall slightly below plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 44 billion of securities at auction on Thursday, HUF 2 bln less than planned, state news wire MTI reported.
The ÁKK sold HUF 35 bln of discount 12-month T-bills, HUF 5 bln under its original offer. Primary dealers bid for HUF 74.4 bln of the securities, and the average yield was 0.42%, 5 basis points over the secondary market benchmark and 1 bp higher than the yield at the previous auction of the bills two weeks earlier.
The ÁKK also sold HUF 9 bln of five-year floating rate bonds, HUF 3 bln over plan. Dealersʼ bids came to HUF 36.5 bln.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.