ÁKK sells HUF 25 bln of securities at auction, as planned



The Government Debt Management Agency (ÁKK) sold a combined HUF 25 billion of securities at auction today, sticking to its original offer despite good demand for the twelve-month discount T-bills and for the five-year floating rate bond on offer, Hungarian news agency MTI reported.

ÁKK sold HUF 5 bln of the floater, as planned. Primary dealers bid for HUF 20.8 bln of the papers. Bids slightly exceeded demand at the previous auction of the bonds on May 4 when ÁKK raised its sales to HUF 7 bln. Despite keeping to the original offer the average price fell to 98.40% from 98.43% on May 4.

ÁKK sold HUF 20.0 bln of twelve-month discount T-bills, the planned volume. The bills expire on April 11, 2018. Bids came to HUF 42.9 bln, they rose from HUF 32.3 bln at the May 4 auction. Average yield was 0.12%, back at the all-time low after rising to 0.14% at the previous two of the biweekly auctions and the same as the secondary market benchmark, calculated on the same bill series.


Avg Compulsory Vehicle Insurance Premium up 5% Figures

Avg Compulsory Vehicle Insurance Premium up 5%

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

4iG, Rheinmetall Establish IT JV Deals

4iG, Rheinmetall Establish IT JV

24th FIABCI Hungarian Prix d’Excellence Held Awards

24th FIABCI Hungarian Prix d’Excellence Held


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.