ÁKK sells HUF 35 bln of securities at auction, over plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 35 billion of securities at auction on Wednesday, HUF 5 bln more than planned, state news wire MTI reports.
ÁKK sold HUF 20 bln of discount 12-month T-bills, in line with the original offer. Primary dealers bid for HUF 24 bln of the securities. The average yield was 0.36%, 3 bp over the secondary market benchmark but 6 bp under the yield at the previous auction of the bills two weeks earlier.
The agency sold HUF 15 bln of seven-year, floating-rate bonds, raising its original offer by HUF 5 bln after dealersʼ bids reached HUF 38.3 bln.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.