ÁKK sells fraction over plan at securities auction
The Government Debt Management Agency (ÁKK) sold a combined HUF 41.0 billion of securities at auction on Thursday, slightly more than the original offer, state news wire MTI reported.
The ÁKK sold HUF 30.0 bln of discount 12-month T-bills, as planned. Primary dealers bid for HUF 80.4 bln of the securities. The average yield was 0.22%, 1 basis point over the secondary market benchmark, but 7 bps lower than the yield at the previous auction of the bills two weeks earlier.
The ÁKK also sold HUF 11.0 bln of five-year floating-rate bonds, raising its original offer slightly by HUF 1.0 bln after bids came to HUF 24.8 bln.
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.