ÁKK auctions HUF 39 bln of securities, over plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 39.0 billion of securities at auction on Thursday, raising its original offer by HUF 3.0 bln on strong demand for a floating-rate bond, state news wire MTI reported.
The ÁKK sold HUF 30.0 bln of discount 12-month T-bills, in line with the original offer. Primary dealers bid for HUF 33.7 bln of the papers, and the average yield was 0.41%, 17 basis points over the secondary market benchmark and 8 bps higher than the yield at the previous auction of the bills two weeks earlier.
The ÁKK also sold HUF 9.0 bln of five-year floating-rate bonds, raising its offer by HUF 3.0 bln after bids came to HUF 12.4 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.