ÁKK sells HUF 22.5 bln of securities at auction, under plan

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 22.5 billion of securities at auction on Thursday, under the plan, according to a report by news agency MTI.

ÁKK sold just HUF 2 bln of discount twelve-month T-bills, well under the HUF 15 bln original offer. Primary dealers bid for HUF 3.2 bln of the bills. The average yield was 9.58%, 13 bp over the secondary market benchmark and 178 bp higher than the yield at the previous auction of the bills two weeks earlier.

The agency sold HUF 20.5 bln of seven-year floating rate bonds, raising its original offer from HUF 10 bln after bids reached HUF 64.7 bln. 

ÁKK sold a further HUF 7.1 bln of the floaters at a non-competitive tender after the auction.

ADVERTISEMENT

Sharp Rise in Energy Costs Putting Strain on Competitiveness Analysis

Sharp Rise in Energy Costs Putting Strain on Competitiveness

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Danubius Hotels Appoints Group Director of Development Appointments

Danubius Hotels Appoints Group Director of Development

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim... City

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim...

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.