ADVERTISEMENT

ÁKK sells HUF 25 bln of securities at auction, under plan

Debt

The Government Debt Management Agency (ÁKK) sold a combined HUF 25 billion of securities at auction on Thursday, HUF 5 bln less than planned, state news wire MTI reports.

ÁKK sold HUF 15 bln of discount twelve-month T-bills, in line with the original offer. Primary dealers bid for HUF 39.9 bln of the bills. The average yield was 0.51%, 4 bp over the secondary market benchmark and 32 bp higher than the yield at the previous auction of the bills two weeks earlier.

ÁKK sold HUF 10 bln of seven-year floating-rate bonds, cutting its original offer by HUF 5 bln. Bids for the bonds came to HUF 66.2 bln.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.