ÁKK sells HUF 27.5 bln of securities at auction, under plan
The Government Debt Management Agency (ÁKK) sold a combined HUF 27.5 billion of securities at auction on Thursday, HUF 8.5 bln under plan due to weak demand for twelve-month T-bills.
The ÁKK sold HUF 20.0 bln of the twelve-month T-bills, cutting its original offer by HUF 10 bln after primary dealers bid for just HUF 28.1 bln of the papers, state news wire MTI reported.
The average yield was 0.00%, level with the secondary market benchmark as well as the yield at the previous auction of the bills two weeks earlier.
The ÁKK also sold HUF 7.5 bln of floating-rate five-year bonds, raising its original offer by HUF 1.5 bln after bids came to HUF 13.9 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.