ÁKK sells HUF 18 bln of securities at auction, HUF 10 bln under plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 18 billion of securities at auction today, cutting its original offer by HUF 10 bln.
ÁKK sold HUF 10 bln of discount twelve-month T-bills, reducing its original offer by half after primary dealers bid for HUF 33.5 bln of the papers. Average yield was 0.99%, 4 bps over both the secondary market benchmark and the yield at the previous auction of the bills two weeks earlier.
ÁKK sold HUF 8 bln of three-year floating-rate bonds, as planned. Dealers bid for HUF 24.8 bln of the securities.
ÁKK sold a further HUF 200m of the floaters at a non-competitive tender after the auction.
ADVERTISEMENT
Investment Fund Net Subscription Reaches HUF 192 bln in Apr
Parl't Approves Amendments to Legislation on Judiciary
The Social Aspect of ESG is Now Inescapable
Tourism Nights Slightly up in April 2023
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.
