AKK sells announced HUF 50 bln twelve-month T-bills


Hungary's Government Debt Management Agency (AKK) sold the announced HUF 50 billion twelve-month discount T-bills at an auction on Thursday as oversubscription dropped from two weeks earlier.

Yields declined from the previous auction but were over the respective secondary market benchmark.

AKK sold HUF 50 billion of the bills expiring on December 27, the announced volume. It raised the announced amount to HUF 50 billion for the current auction from HUF 45 billion it auctioned so far this year.

Offers by primary dealers came to HUF 78.8 billion, down from HUF 98.5 billion for the HUF 45 billion on offer at the previous auction on February 2. That auction saw the biggest demand for twelve-month bills since the middle of September.

Average yield was 7.69%, 19bp over the secondary market benchmark on Monday and 16bp lower than the yield at the previous auction two weeks earlier.

Yields ranged between 7.59% and 7.76%, down from a range of 7.77%-7.89% on February 2.


Nagy: More Involvement in Insurance Market Banking

Nagy: More Involvement in Insurance Market

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Home Loan Rates Climb Over 10% Residential

Home Loan Rates Climb Over 10%

Countries Exchange Experiences for Better Production of Catt... Conferences

Countries Exchange Experiences for Better Production of Catt...


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.