ADVERTISEMENT

ÁKK raises offer on strong demand at twelve-month T-bill auction

Debt

The Government Debt Management Agency (ÁKK) raised its offer for a twelve-month discount T-bill on strong demand at an auction on Thursday. AKK sold HUF 60 billion of the bills, HUF 10 billion more than planned. Primary dealers bid to buy almost HUF 125 billion of the bills. Average yield at the auction was 5.33%, 5bp under the secondary market benchmark, but 3bp over the yield at the previous auction of the bills two weeks earlier. Yields ranged between 5.29% and 5.37%. AKK also sold HUF 7.0 billion of a floating-rate bond at auction on Thursday, in line with the announced amount. Primary dealers bid to buy HUF 18.8 billion of the paper. AKK sold an additional HUF 1.5 billion of the bond at a non-competitive tender after the auction.

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

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.