ÁKK sells HUF 60 bln of securities at auctions, HUF 10 bln over offer

Debt

The Government Debt Management Agency (ÁKK) sold HUF 60 bln of securities at auctions on Thursday, HUF 10 bln more than planned. ÁKK sold HUF 30 bln of discount twelve-month T-bills, in line with the original offer. Primary dealers bid for HUF 54.7 bln.

Average yield was 1.82%, 7bp over the secondary market benchmark and 19bp higher than the yield at an auction of the papers four weeks earlier. The previous auction, two weeks earlier, was unsuccessful. Yields ranged between 1.75% and 1.85%.

ÁKK also sold HUF 30 bln of three-year floating-rate bonds, raising its original offer by HUF 10 bln after dealers bid for HUF 76.2 bln.

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.